{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\mzarit\Documents\RegionalConvergence.Krause&ZaritFigure3.smlc
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}26 Jun 2015, 11:42:06
{txt}
{com}. 
. ***Figure 3 Calculations***
. 
. *** Southern States***
. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     420
{txt}{hline 13}{char +}{hline 30}           F(  1,   418) ={res}  597.14
    {txt}   Model {char |} {res} 1.4218e+09     1  1.4218e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  995280092   418  2381052.85           {txt}R-squared     = {res} 0.5882
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5872
    {txt}   Total {char |} {res} 2.4171e+09   419     5768719           {txt}Root MSE      = {res} 1543.1

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 72.48785{col 29}{space 2} 2.966391{col 40}{space 1}   24.44{col 49}{space 3}0.000{col 57}{space 4} 66.65694{col 70}{space 3} 78.31875
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9294.537{col 29}{space 2} 192.8334{col 40}{space 1}   48.20{col 49}{space 3}0.000{col 57}{space 4} 8915.492{col 70}{space 3} 9673.581
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranneyl realpcincannl2 if nonsouth==0 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     420
{txt}{hline 13}{char +}{hline 30}           F(  1,   418) ={res}  579.88
    {txt}   Model {char |} {res} 157243.737     1  157243.737           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 113346.502   418  271.163881           {txt}R-squared     = {res} 0.5811
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5801
    {txt}   Total {char |} {res} 270590.239   419  645.800093           {txt}Root MSE      = {res} 16.467

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0080149{col 28}{space 2} .0003328{col 39}{space 1}   24.08{col 48}{space 3}0.000{col 56}{space 4} .0073606{col 69}{space 3} .0086691
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-46.45597{col 28}{space 2} 4.486914{col 39}{space 1}  -10.35{col 48}{space 3}0.000{col 56}{space 4} -55.2757{col 69}{space 3}-37.63624
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     518
{txt}{hline 13}{char +}{hline 30}           F(  1,   516) ={res}   69.01
    {txt}   Model {char |} {res}  324361617     1   324361617           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 2.4253e+09   516  4700251.05           {txt}R-squared     = {res} 0.1180
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1163
    {txt}   Total {char |} {res} 2.7497e+09   517  5318551.57           {txt}Root MSE      = {res}   2168

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 33.16245{col 29}{space 2} 3.992017{col 40}{space 1}    8.31{col 49}{space 3}0.000{col 57}{space 4} 25.31984{col 70}{space 3} 41.00505
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 6087.362{col 29}{space 2} 126.9381{col 40}{space 1}   47.96{col 49}{space 3}0.000{col 57}{space 4} 5837.983{col 70}{space 3} 6336.741
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranneyl realpcincannl2 if nonsouth==0 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     518
{txt}{hline 13}{char +}{hline 30}           F(  1,   516) ={res}   71.48
    {txt}   Model {char |} {res} 35887.3809     1  35887.3809           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 259054.413   516  502.043436           {txt}R-squared     = {res} 0.1217
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1200
    {txt}   Total {char |} {res} 294941.794   517  570.487029           {txt}Root MSE      = {res} 22.406

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0037792{col 28}{space 2}  .000447{col 39}{space 1}    8.45{col 48}{space 3}0.000{col 56}{space 4} .0029011{col 69}{space 3} .0046574
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-3.287495{col 28}{space 2} 3.038592{col 39}{space 1}   -1.08{col 48}{space 3}0.280{col 56}{space 4}-9.257028{col 69}{space 3} 2.682038
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. 
. ***Old South***
. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   25.72
    {txt}   Model {char |} {res}  112107873     1   112107873           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.4427e+09   331  4358760.52           {txt}R-squared     = {res} 0.0721
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0693
    {txt}   Total {char |} {res} 1.5549e+09   332  4683306.04           {txt}Root MSE      = {res} 2087.8

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 22.05602{col 29}{space 2} 4.349012{col 40}{space 1}    5.07{col 49}{space 3}0.000{col 57}{space 4} 13.50083{col 70}{space 3} 30.61121
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5883.817{col 29}{space 2} 153.0412{col 40}{space 1}   38.45{col 49}{space 3}0.000{col 57}{space 4} 5582.761{col 70}{space 3} 6184.873
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   27.34
    {txt}   Model {char |} {res} 17667.0079     1  17667.0079           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 213922.705   331  646.292161           {txt}R-squared     = {res} 0.0763
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0735
    {txt}   Total {char |} {res} 231589.713   332  697.559377           {txt}Root MSE      = {res} 25.422

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0035304{col 28}{space 2} .0006752{col 39}{space 1}    5.23{col 48}{space 3}0.000{col 56}{space 4} .0022021{col 69}{space 3} .0048586
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 2.642314{col 28}{space 2} 4.319738{col 39}{space 1}    0.61{col 48}{space 3}0.541{col 56}{space 4}-5.855287{col 69}{space 3} 11.13992
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. ***New South***
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  176.07
    {txt}   Model {char |} {res}  518105672     1   518105672           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  538506535   183  2942658.66           {txt}R-squared     = {res} 0.4903
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4876
    {txt}   Total {char |} {res} 1.0566e+09   184  5742457.65           {txt}Root MSE      = {res} 1715.4

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 93.45896{col 29}{space 2}  7.04339{col 40}{space 1}   13.27{col 49}{space 3}0.000{col 57}{space 4} 79.56227{col 70}{space 3} 107.3557
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5909.361{col 29}{space 2} 172.8319{col 40}{space 1}   34.19{col 49}{space 3}0.000{col 57}{space 4} 5568.361{col 70}{space 3}  6250.36
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  160.64
    {txt}   Model {char |} {res} 28837.8629     1  28837.8629           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32851.1211   183  179.514323           {txt}R-squared     = {res} 0.4675
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4646
    {txt}   Total {char |} {res}  61688.984   184  335.266218           {txt}Root MSE      = {res} 13.398

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004316{col 39}{space 1}   12.67{col 48}{space 3}0.000{col 56}{space 4} .0046188{col 69}{space 3} .0063219
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 3.221754{col 39}{space 1}   -6.37{col 48}{space 3}0.000{col 56}{space 4} -26.8677{col 69}{space 3}-14.15458
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. 
. *** Comparing Southern States Pre and Post 1980 ***
. 
. ***************************************************
. ****************INCOME EQUATION********************
. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     518
{txt}{hline 13}{char +}{hline 30}           F(  1,   516) ={res}   69.01
    {txt}   Model {char |} {res}  324361617     1   324361617           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 2.4253e+09   516  4700251.05           {txt}R-squared     = {res} 0.1180
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1163
    {txt}   Total {char |} {res} 2.7497e+09   517  5318551.57           {txt}Root MSE      = {res}   2168

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 33.16245{col 29}{space 2} 3.992017{col 40}{space 1}    8.31{col 49}{space 3}0.000{col 57}{space 4} 25.31984{col 70}{space 3} 41.00505
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 6087.362{col 29}{space 2} 126.9381{col 40}{space 1}   47.96{col 49}{space 3}0.000{col 57}{space 4} 5837.983{col 70}{space 3} 6336.741
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store southrincpre
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     420
{txt}{hline 13}{char +}{hline 30}           F(  1,   418) ={res}  597.14
    {txt}   Model {char |} {res} 1.4218e+09     1  1.4218e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  995280092   418  2381052.85           {txt}R-squared     = {res} 0.5882
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5872
    {txt}   Total {char |} {res} 2.4171e+09   419     5768719           {txt}Root MSE      = {res} 1543.1

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 72.48785{col 29}{space 2} 2.966391{col 40}{space 1}   24.44{col 49}{space 3}0.000{col 57}{space 4} 66.65694{col 70}{space 3} 78.31875
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9294.537{col 29}{space 2} 192.8334{col 40}{space 1}   48.20{col 49}{space 3}0.000{col 57}{space 4} 8915.492{col 70}{space 3} 9673.581
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store southrincpost
{txt}
{com}. 
. suest southrincpre southrincpost
{res}
{txt}Simultaneous results for {stata estimates replay southrincpre:southrincpre}, {stata estimates replay southrincpost:southrincpost}

{col 51}Number of obs{col 67}= {res}       938

{txt}{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      z{col 53}   P>|z|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southrincpre_mean   {txt}{c |}
{space 4}klarnerranneyl2 {c |}{col 21}{res}{space 2} 33.16245{col 33}{space 2} 4.320758{col 44}{space 1}    7.68{col 53}{space 3}0.000{col 61}{space 4} 24.69392{col 74}{space 3} 41.63098
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 6087.362{col 33}{space 2} 111.6764{col 44}{space 1}   54.51{col 53}{space 3}0.000{col 61}{space 4}  5868.48{col 74}{space 3} 6306.243
{txt}{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southrincpre_lnvar  {txt}{c |}
{space 14}_cons {c |}{col 21}{res}{space 2} 15.36313{col 33}{space 2} .0495894{col 44}{space 1}  309.81{col 53}{space 3}0.000{col 61}{space 4} 15.26593{col 74}{space 3} 15.46032
{txt}{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southrincpost_mean  {txt}{c |}
{space 4}klarnerranneyl2 {c |}{col 21}{res}{space 2} 72.48785{col 33}{space 2} 2.424521{col 44}{space 1}   29.90{col 53}{space 3}0.000{col 61}{space 4} 67.73587{col 74}{space 3} 77.23982
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 9294.537{col 33}{space 2} 132.7936{col 44}{space 1}   69.99{col 53}{space 3}0.000{col 61}{space 4} 9034.266{col 74}{space 3} 9554.807
{txt}{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southrincpost_lnvar {txt}{c |}
{space 14}_cons {c |}{col 21}{res}{space 2} 14.68305{col 33}{space 2} .0970256{col 44}{space 1}  151.33{col 53}{space 3}0.000{col 61}{space 4} 14.49289{col 74}{space 3} 14.87322
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [southrincpre_mean]klarnerranneyl2 = [southrincpost_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[southrincpre_mean]klarnerranneyl2 - [southrincpost_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   63.00
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. **********************************************************
. ******************PC EQUATION*****************************
. 
. reg klarnerranney realpcincannl2 if nonsouth==0 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     518
{txt}{hline 13}{char +}{hline 30}           F(  1,   516) ={res}   72.15
    {txt}   Model {char |} {res} 36441.4298     1  36441.4298           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 260638.068   516  505.112535           {txt}R-squared     = {res} 0.1227
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1210
    {txt}   Total {char |} {res} 297079.498   517  574.621852           {txt}Root MSE      = {res} 22.475

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0038083{col 28}{space 2} .0004484{col 39}{space 1}    8.49{col 48}{space 3}0.000{col 56}{space 4} .0029275{col 69}{space 3} .0046891
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-2.489891{col 28}{space 2} 3.047866{col 39}{space 1}   -0.82{col 48}{space 3}0.414{col 56}{space 4}-8.477643{col 69}{space 3} 3.497862
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store southpcpre
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if nonsouth==0 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     420
{txt}{hline 13}{char +}{hline 30}           F(  1,   418) ={res}  506.51
    {txt}   Model {char |} {res} 135365.356     1  135365.356           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 111711.384   418  267.252115           {txt}R-squared     = {res} 0.5479
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5468
    {txt}   Total {char |} {res}  247076.74   419  589.681958           {txt}Root MSE      = {res} 16.348

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0074364{col 28}{space 2} .0003304{col 39}{space 1}   22.51{col 48}{space 3}0.000{col 56}{space 4} .0067869{col 69}{space 3} .0080859
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-35.55008{col 28}{space 2} 4.454433{col 39}{space 1}   -7.98{col 48}{space 3}0.000{col 56}{space 4}-44.30596{col 69}{space 3} -26.7942
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store southpcpost
{txt}
{com}. 
. suest southpcpre southpcpost
{res}
{txt}Simultaneous results for {stata estimates replay southpcpre:southpcpre}, {stata estimates replay southpcpost:southpcpost}

{col 51}Number of obs{col 67}= {res}       938

{txt}{hline 18}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 19}{c |}{col 31}    Robust
{col 19}{c |}      Coef.{col 31}   Std. Err.{col 43}      z{col 51}   P>|z|{col 59}     [95% Con{col 72}f. Interval]
{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southpcpre_mean   {txt}{c |}
{space 3}realpcincannl2 {c |}{col 19}{res}{space 2} .0038083{col 31}{space 2} .0004193{col 42}{space 1}    9.08{col 51}{space 3}0.000{col 59}{space 4} .0029865{col 72}{space 3} .0046301
{txt}{space 12}_cons {c |}{col 19}{res}{space 2}-2.489891{col 31}{space 2} 2.845955{col 42}{space 1}   -0.87{col 51}{space 3}0.382{col 59}{space 4} -8.06786{col 72}{space 3} 3.088079
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southpcpre_lnvar  {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 6.224781{col 31}{space 2} .0693046{col 42}{space 1}   89.82{col 51}{space 3}0.000{col 59}{space 4} 6.088947{col 72}{space 3} 6.360616
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southpcpost_mean  {txt}{c |}
{space 3}realpcincannl2 {c |}{col 19}{res}{space 2} .0074364{col 31}{space 2} .0003857{col 42}{space 1}   19.28{col 51}{space 3}0.000{col 59}{space 4} .0066805{col 72}{space 3} .0081923
{txt}{space 12}_cons {c |}{col 19}{res}{space 2}-35.55008{col 31}{space 2} 5.152358{col 42}{space 1}   -6.90{col 51}{space 3}0.000{col 59}{space 4}-45.64852{col 72}{space 3}-25.45164
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}southpcpost_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 5.588192{col 31}{space 2} .0590429{col 42}{space 1}   94.65{col 51}{space 3}0.000{col 59}{space 4} 5.472471{col 72}{space 3} 5.703914
{txt}{hline 18}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [southpcpre_mean]realpcincannl2 = [southpcpost_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[southpcpre_mean]realpcincannl2 - [southpcpost_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   40.56
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. ***Comparing Old South to New South pre 1980 ***
. 
. ***************************************************
. ****************INCOME EQUATION********************
. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   25.72
    {txt}   Model {char |} {res}  112107873     1   112107873           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.4427e+09   331  4358760.52           {txt}R-squared     = {res} 0.0721
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0693
    {txt}   Total {char |} {res} 1.5549e+09   332  4683306.04           {txt}Root MSE      = {res} 2087.8

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 22.05602{col 29}{space 2} 4.349012{col 40}{space 1}    5.07{col 49}{space 3}0.000{col 57}{space 4} 13.50083{col 70}{space 3} 30.61121
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5883.817{col 29}{space 2} 153.0412{col 40}{space 1}   38.45{col 49}{space 3}0.000{col 57}{space 4} 5582.761{col 70}{space 3} 6184.873
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouthpre
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  176.07
    {txt}   Model {char |} {res}  518105672     1   518105672           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  538506535   183  2942658.66           {txt}R-squared     = {res} 0.4903
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4876
    {txt}   Total {char |} {res} 1.0566e+09   184  5742457.65           {txt}Root MSE      = {res} 1715.4

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 93.45896{col 29}{space 2}  7.04339{col 40}{space 1}   13.27{col 49}{space 3}0.000{col 57}{space 4} 79.56227{col 70}{space 3} 107.3557
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5909.361{col 29}{space 2} 172.8319{col 40}{space 1}   34.19{col 49}{space 3}0.000{col 57}{space 4} 5568.361{col 70}{space 3}  6250.36
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouthpre
{txt}
{com}. 
. suest oldsouthpre newsouthpre
{res}
{txt}Simultaneous results for {stata estimates replay oldsouthpre:oldsouthpre}, {stata estimates replay newsouthpre:newsouthpre}

{col 51}Number of obs{col 67}= {res}       518

{txt}{hline 18}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 19}{c |}{col 31}    Robust
{col 19}{c |}      Coef.{col 31}   Std. Err.{col 43}      z{col 51}   P>|z|{col 59}     [95% Con{col 72}f. Interval]
{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouthpre_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 22.05602{col 31}{space 2} 4.421649{col 42}{space 1}    4.99{col 51}{space 3}0.000{col 59}{space 4} 13.38975{col 72}{space 3} 30.72229
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 5883.817{col 31}{space 2} 145.4272{col 42}{space 1}   40.46{col 51}{space 3}0.000{col 59}{space 4} 5598.785{col 72}{space 3} 6168.849
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouthpre_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2}  15.2877{col 31}{space 2} .0560152{col 42}{space 1}  272.92{col 51}{space 3}0.000{col 59}{space 4} 15.17791{col 72}{space 3} 15.39749
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouthpre_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 93.45896{col 31}{space 2} 6.397277{col 42}{space 1}   14.61{col 51}{space 3}0.000{col 59}{space 4} 80.92053{col 72}{space 3} 105.9974
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 5909.361{col 31}{space 2} 151.4434{col 42}{space 1}   39.02{col 51}{space 3}0.000{col 59}{space 4} 5612.537{col 72}{space 3} 6206.184
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouthpre_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 14.89482{col 31}{space 2}  .091715{col 42}{space 1}  162.40{col 51}{space 3}0.000{col 59}{space 4} 14.71507{col 72}{space 3} 15.07458
{txt}{hline 18}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldsouthpre_mean]klarnerranneyl2 = [newsouthpre_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldsouthpre_mean]klarnerranneyl2 - [newsouthpre_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   84.30
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. **********************************************************
. ******************PC EQUATION*****************************
. 
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   27.34
    {txt}   Model {char |} {res} 17667.0079     1  17667.0079           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 213922.705   331  646.292161           {txt}R-squared     = {res} 0.0763
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0735
    {txt}   Total {char |} {res} 231589.713   332  697.559377           {txt}Root MSE      = {res} 25.422

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0035304{col 28}{space 2} .0006752{col 39}{space 1}    5.23{col 48}{space 3}0.000{col 56}{space 4} .0022021{col 69}{space 3} .0048586
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 2.642314{col 28}{space 2} 4.319738{col 39}{space 1}    0.61{col 48}{space 3}0.541{col 56}{space 4}-5.855287{col 69}{space 3} 11.13992
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpcpre
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  160.64
    {txt}   Model {char |} {res} 28837.8629     1  28837.8629           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32851.1211   183  179.514323           {txt}R-squared     = {res} 0.4675
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4646
    {txt}   Total {char |} {res}  61688.984   184  335.266218           {txt}Root MSE      = {res} 13.398

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004316{col 39}{space 1}   12.67{col 48}{space 3}0.000{col 56}{space 4} .0046188{col 69}{space 3} .0063219
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 3.221754{col 39}{space 1}   -6.37{col 48}{space 3}0.000{col 56}{space 4} -26.8677{col 69}{space 3}-14.15458
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpcpre
{txt}
{com}. 
. suest oldpcpre newpcpre
{res}
{txt}Simultaneous results for {stata estimates replay oldpcpre:oldpcpre}, {stata estimates replay newpcpre:newpcpre}

{col 51}Number of obs{col 67}= {res}       518

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      z{col 48}   P>|z|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpre_mean  {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0035304{col 28}{space 2} .0006519{col 39}{space 1}    5.42{col 48}{space 3}0.000{col 56}{space 4} .0022526{col 69}{space 3} .0048081
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 2.642314{col 28}{space 2} 4.066366{col 39}{space 1}    0.65{col 48}{space 3}0.516{col 56}{space 4}-5.327616{col 69}{space 3} 10.61224
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpre_lnvar {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 6.471252{col 28}{space 2}  .068117{col 39}{space 1}   95.00{col 48}{space 3}0.000{col 56}{space 4} 6.337745{col 69}{space 3} 6.604758
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpre_mean  {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004365{col 39}{space 1}   12.53{col 48}{space 3}0.000{col 56}{space 4} .0046149{col 69}{space 3} .0063258
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 2.677953{col 39}{space 1}   -7.66{col 48}{space 3}0.000{col 56}{space 4}-25.75983{col 69}{space 3}-15.26245
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpre_lnvar {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 5.190255{col 28}{space 2} .1448715{col 39}{space 1}   35.83{col 48}{space 3}0.000{col 56}{space 4} 4.906312{col 69}{space 3} 5.474198
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldpcpre_mean]realpcincannl2 = [newpcpre_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldpcpre_mean]realpcincannl2 - [newpcpre_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    6.11
{txt}{col 10}Prob > chi2 =  {res}  0.0134
{txt}
{com}. 
. 
. *** Comparing New South to Old South, post 1980 ***
. 
. ***************************************************
. ****************INCOME EQUATION********************
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  184.96
    {txt}   Model {char |} {res}  442665850     1   442665850           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  354201990   148  2393256.69           {txt}R-squared     = {res} 0.5555
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5525
    {txt}   Total {char |} {res}  796867840   149  5348106.31           {txt}Root MSE      = {res}   1547

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 78.41118{col 29}{space 2} 5.765469{col 40}{space 1}   13.60{col 49}{space 3}0.000{col 57}{space 4} 67.01791{col 70}{space 3} 89.80445
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9836.576{col 29}{space 2} 412.2973{col 40}{space 1}   23.86{col 49}{space 3}0.000{col 57}{space 4} 9021.826{col 70}{space 3} 10651.33
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  441.42
    {txt}   Model {char |} {res}  663099859     1   663099859           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  402592526   268  1502210.92           {txt}R-squared     = {res} 0.6222
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6208
    {txt}   Total {char |} {res} 1.0657e+09   269  3961681.73           {txt}Root MSE      = {res} 1225.6

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 60.22847{col 29}{space 2} 2.866671{col 40}{space 1}   21.01{col 49}{space 3}0.000{col 57}{space 4} 54.58441{col 70}{space 3} 65.87253
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9447.034{col 29}{space 2} 175.1345{col 40}{space 1}   53.94{col 49}{space 3}0.000{col 57}{space 4}  9102.22{col 70}{space 3} 9791.849
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  415.34
    {txt}   Model {char |} {res}  104640.17     1   104640.17           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 67518.8721   268   251.93609           {txt}R-squared     = {res} 0.6078
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6063
    {txt}   Total {char |} {res} 172159.042   269  639.996439           {txt}Root MSE      = {res} 15.872

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2}  .009941{col 28}{space 2} .0004878{col 39}{space 1}   20.38{col 48}{space 3}0.000{col 56}{space 4} .0089806{col 69}{space 3} .0109014
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-64.90738{col 28}{space 2} 6.136119{col 39}{space 1}  -10.58{col 48}{space 3}0.000{col 56}{space 4}-76.98851{col 69}{space 3}-52.82625
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  124.04
    {txt}   Model {char |} {res} 27203.1537     1  27203.1537           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32458.3106   148  219.312909           {txt}R-squared     = {res} 0.4560
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4523
    {txt}   Total {char |} {res} 59661.4643   149  400.412512           {txt}Root MSE      = {res} 14.809

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0056401{col 28}{space 2} .0005064{col 39}{space 1}   11.14{col 48}{space 3}0.000{col 56}{space 4} .0046394{col 69}{space 3} .0066409
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-12.17094{col 28}{space 2} 7.579766{col 39}{space 1}   -1.61{col 48}{space 3}0.110{col 56}{space 4}-27.14948{col 69}{space 3} 2.807609
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  184.96
    {txt}   Model {char |} {res}  442665850     1   442665850           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  354201990   148  2393256.69           {txt}R-squared     = {res} 0.5555
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5525
    {txt}   Total {char |} {res}  796867840   149  5348106.31           {txt}Root MSE      = {res}   1547

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 78.41118{col 29}{space 2} 5.765469{col 40}{space 1}   13.60{col 49}{space 3}0.000{col 57}{space 4} 67.01791{col 70}{space 3} 89.80445
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9836.576{col 29}{space 2} 412.2973{col 40}{space 1}   23.86{col 49}{space 3}0.000{col 57}{space 4} 9021.826{col 70}{space 3} 10651.33
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newrincpost
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  441.42
    {txt}   Model {char |} {res}  663099859     1   663099859           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  402592526   268  1502210.92           {txt}R-squared     = {res} 0.6222
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6208
    {txt}   Total {char |} {res} 1.0657e+09   269  3961681.73           {txt}Root MSE      = {res} 1225.6

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 60.22847{col 29}{space 2} 2.866671{col 40}{space 1}   21.01{col 49}{space 3}0.000{col 57}{space 4} 54.58441{col 70}{space 3} 65.87253
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9447.034{col 29}{space 2} 175.1345{col 40}{space 1}   53.94{col 49}{space 3}0.000{col 57}{space 4}  9102.22{col 70}{space 3} 9791.849
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldrincpost
{txt}
{com}. 
. suest newrincpost oldrincpost
{res}
{txt}Simultaneous results for {stata estimates replay newrincpost:newrincpost}, {stata estimates replay oldrincpost:oldrincpost}

{col 51}Number of obs{col 67}= {res}       420

{txt}{hline 18}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 19}{c |}{col 31}    Robust
{col 19}{c |}      Coef.{col 31}   Std. Err.{col 43}      z{col 51}   P>|z|{col 59}     [95% Con{col 72}f. Interval]
{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newrincpost_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 78.41118{col 31}{space 2} 4.451631{col 42}{space 1}   17.61{col 51}{space 3}0.000{col 59}{space 4} 69.68614{col 72}{space 3} 87.13622
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 9836.576{col 31}{space 2} 290.2965{col 42}{space 1}   33.88{col 51}{space 3}0.000{col 59}{space 4} 9267.605{col 72}{space 3} 10405.55
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newrincpost_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 14.68817{col 31}{space 2} .1431814{col 42}{space 1}  102.58{col 51}{space 3}0.000{col 59}{space 4} 14.40754{col 72}{space 3}  14.9688
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldrincpost_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 60.22847{col 31}{space 2} 2.460818{col 42}{space 1}   24.47{col 51}{space 3}0.000{col 59}{space 4} 55.40536{col 72}{space 3} 65.05159
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 9447.034{col 31}{space 2} 136.6779{col 42}{space 1}   69.12{col 51}{space 3}0.000{col 59}{space 4}  9179.15{col 72}{space 3} 9714.918
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldrincpost_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 14.22245{col 31}{space 2} .1029912{col 42}{space 1}  138.09{col 51}{space 3}0.000{col 59}{space 4} 14.02059{col 72}{space 3} 14.42431
{txt}{hline 18}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newrincpost_mean]klarnerranneyl2 = [oldrincpost_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newrincpost_mean]klarnerranneyl2 - [oldrincpost_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   12.78
{txt}{col 10}Prob > chi2 =  {res}  0.0004
{txt}
{com}. 
. 
. **********************************************************
. ******************PC EQUATION*****************************
. 
. 
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  415.34
    {txt}   Model {char |} {res}  104640.17     1   104640.17           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 67518.8721   268   251.93609           {txt}R-squared     = {res} 0.6078
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6063
    {txt}   Total {char |} {res} 172159.042   269  639.996439           {txt}Root MSE      = {res} 15.872

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2}  .009941{col 28}{space 2} .0004878{col 39}{space 1}   20.38{col 48}{space 3}0.000{col 56}{space 4} .0089806{col 69}{space 3} .0109014
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-64.90738{col 28}{space 2} 6.136119{col 39}{space 1}  -10.58{col 48}{space 3}0.000{col 56}{space 4}-76.98851{col 69}{space 3}-52.82625
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpcpost
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  124.04
    {txt}   Model {char |} {res} 27203.1537     1  27203.1537           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32458.3106   148  219.312909           {txt}R-squared     = {res} 0.4560
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4523
    {txt}   Total {char |} {res} 59661.4643   149  400.412512           {txt}Root MSE      = {res} 14.809

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0056401{col 28}{space 2} .0005064{col 39}{space 1}   11.14{col 48}{space 3}0.000{col 56}{space 4} .0046394{col 69}{space 3} .0066409
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-12.17094{col 28}{space 2} 7.579766{col 39}{space 1}   -1.61{col 48}{space 3}0.110{col 56}{space 4}-27.14948{col 69}{space 3} 2.807609
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpcpost
{txt}
{com}. 
. suest oldpcpost newpcpost
{res}
{txt}Simultaneous results for {stata estimates replay oldpcpost:oldpcpost}, {stata estimates replay newpcpost:newpcpost}

{col 51}Number of obs{col 67}= {res}       420

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpost_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2}  .009941{col 29}{space 2} .0004843{col 40}{space 1}   20.53{col 49}{space 3}0.000{col 57}{space 4} .0089917{col 70}{space 3} .0108902
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-64.90738{col 29}{space 2} 6.181082{col 40}{space 1}  -10.50{col 49}{space 3}0.000{col 57}{space 4}-77.02208{col 70}{space 3}-52.79269
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpost_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 5.529175{col 29}{space 2} .0843707{col 40}{space 1}   65.53{col 49}{space 3}0.000{col 57}{space 4} 5.363812{col 70}{space 3} 5.694539
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpost_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0056401{col 29}{space 2} .0005191{col 40}{space 1}   10.87{col 49}{space 3}0.000{col 57}{space 4} .0046228{col 70}{space 3} .0066575
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-12.17094{col 29}{space 2}  7.78712{col 40}{space 1}   -1.56{col 49}{space 3}0.118{col 57}{space 4}-27.43341{col 70}{space 3} 3.091537
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpost_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2}   5.3905{col 29}{space 2} .0923323{col 40}{space 1}   58.38{col 49}{space 3}0.000{col 57}{space 4} 5.209531{col 70}{space 3} 5.571468
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldpcpost_mean]realpcincannl2 = [newpcpost_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldpcpost_mean]realpcincannl2 - [newpcpost_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   36.70
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
. 
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *******************************************************************************
. *********************************1967 Breakdown Analysis**********************
. 
. 
. 
. 
. 
. *** Non-Southern States***
. 
. ***1980***
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}    1251
{txt}{hline 13}{char +}{hline 30}           F(  1,  1249) ={res}  157.59
    {txt}   Model {char |} {res}  917536545     1   917536545           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 7.2722e+09  1249   5822432.5           {txt}R-squared     = {res} 0.1120
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1113
    {txt}   Total {char |} {res} 8.1898e+09  1250  6551803.79           {txt}Root MSE      = {res}   2413

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 35.92138{col 29}{space 2} 2.861499{col 40}{space 1}   12.55{col 49}{space 3}0.000{col 57}{space 4}  30.3075{col 70}{space 3} 41.53525
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 6587.255{col 29}{space 2} 206.4108{col 40}{space 1}   31.91{col 49}{space 3}0.000{col 57}{space 4} 6182.304{col 70}{space 3} 6992.205
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsopreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}    1048
{txt}{hline 13}{char +}{hline 30}           F(  1,  1046) ={res}    2.07
    {txt}   Model {char |} {res}   18655870     1    18655870           {txt}Prob > F      = {res} 0.1507
    {txt}Residual {char |} {res} 9.4370e+09  1046  9022026.06           {txt}R-squared     = {res} 0.0020
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0010
    {txt}   Total {char |} {res} 9.4557e+09  1047  9031227.44           {txt}Root MSE      = {res} 3003.7

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2}-6.845655{col 29}{space 2} 4.760574{col 40}{space 1}   -1.44{col 49}{space 3}0.151{col 57}{space 4}-16.18702{col 70}{space 3} 2.495707
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 16387.88{col 29}{space 2} 375.1362{col 40}{space 1}   43.69{col 49}{space 3}0.000{col 57}{space 4} 15651.78{col 70}{space 3} 17123.99
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsopostinc
{txt}
{com}. 
. suest nonsopreinc nonsopostinc
{res}
{txt}Simultaneous results for {stata estimates replay nonsopreinc:nonsopreinc}, {stata estimates replay nonsopostinc:nonsopostinc}

{col 51}Number of obs{col 67}= {res}      2299

{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 20}{c |}      Coef.{col 32}   Std. Err.{col 44}      z{col 52}   P>|z|{col 60}     [95% Con{col 73}f. Interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopreinc_mean   {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 35.92138{col 32}{space 2} 2.616631{col 43}{space 1}   13.73{col 52}{space 3}0.000{col 60}{space 4} 30.79288{col 73}{space 3} 41.04988
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 6587.255{col 32}{space 2} 189.8944{col 43}{space 1}   34.69{col 52}{space 3}0.000{col 60}{space 4} 6215.068{col 73}{space 3} 6959.441
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopreinc_lnvar  {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 15.57723{col 32}{space 2} .0476634{col 43}{space 1}  326.82{col 52}{space 3}0.000{col 60}{space 4} 15.48381{col 73}{space 3} 15.67065
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostinc_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2}-6.845655{col 32}{space 2} 4.661293{col 43}{space 1}   -1.47{col 52}{space 3}0.142{col 60}{space 4}-15.98162{col 73}{space 3} 2.290311
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 16387.88{col 32}{space 2} 380.3217{col 43}{space 1}   43.09{col 52}{space 3}0.000{col 60}{space 4} 15642.46{col 73}{space 3}  17133.3
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostinc_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 16.01518{col 32}{space 2} .0452649{col 43}{space 1}  353.81{col 52}{space 3}0.000{col 60}{space 4} 15.92646{col 73}{space 3}  16.1039
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [nonsopreinc_mean]klarnerranneyl2 = [nonsopostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[nonsopreinc_mean]klarnerranneyl2 - [nonsopostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   64.01
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranneyl realpcincannl2 if nonsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}    1251
{txt}{hline 13}{char +}{hline 30}           F(  1,  1249) ={res}  143.51
    {txt}   Model {char |} {res}  73284.493     1   73284.493           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 637793.726  1249  510.643496           {txt}R-squared     = {res} 0.1031
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1023
    {txt}   Total {char |} {res} 711078.219  1250  568.862575           {txt}Root MSE      = {res} 22.597

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0031182{col 28}{space 2} .0002603{col 39}{space 1}   11.98{col 48}{space 3}0.000{col 56}{space 4} .0026076{col 69}{space 3} .0036289
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 40.96644{col 28}{space 2} 2.351729{col 39}{space 1}   17.42{col 48}{space 3}0.000{col 56}{space 4} 36.35266{col 69}{space 3} 45.58021
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsoprepc
{txt}
{com}. 
. reg klarnerranneyl realpcincannl2 if nonsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}    1048
{txt}{hline 13}{char +}{hline 30}           F(  1,  1046) ={res}    1.37
    {txt}   Model {char |} {res} 521.019505     1  521.019505           {txt}Prob > F      = {res} 0.2419
    {txt}Residual {char |} {res}  397572.85  1046  380.088767           {txt}R-squared     = {res} 0.0013
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0004
    {txt}   Total {char |} {res}  398093.87  1047  380.223371           {txt}Root MSE      = {res} 19.496

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2}-.0002365{col 28}{space 2}  .000202{col 39}{space 1}   -1.17{col 48}{space 3}0.242{col 56}{space 4}-.0006329{col 69}{space 3} .0001599
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 80.01048{col 28}{space 2} 3.181976{col 39}{space 1}   25.14{col 48}{space 3}0.000{col 56}{space 4} 73.76669{col 69}{space 3} 86.25426
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsopostpc
{txt}
{com}. 
. suest nonsoprepc nonsopostpc
{res}
{txt}Simultaneous results for {stata estimates replay nonsoprepc:nonsoprepc}, {stata estimates replay nonsopostpc:nonsopostpc}

{col 51}Number of obs{col 67}= {res}      2299

{txt}{hline 18}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 19}{c |}{col 31}    Robust
{col 19}{c |}      Coef.{col 31}   Std. Err.{col 43}      z{col 51}   P>|z|{col 59}     [95% Con{col 72}f. Interval]
{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsoprepc_mean   {txt}{c |}
{space 3}realpcincannl2 {c |}{col 19}{res}{space 2} .0031182{col 31}{space 2} .0003024{col 42}{space 1}   10.31{col 51}{space 3}0.000{col 59}{space 4} .0025255{col 72}{space 3}  .003711
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 40.96644{col 31}{space 2} 2.816542{col 42}{space 1}   14.54{col 51}{space 3}0.000{col 59}{space 4} 35.44612{col 72}{space 3} 46.48676
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsoprepc_lnvar  {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 6.235672{col 31}{space 2} .0354756{col 42}{space 1}  175.77{col 51}{space 3}0.000{col 59}{space 4} 6.166141{col 72}{space 3} 6.305203
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostpc_mean  {txt}{c |}
{space 3}realpcincannl2 {c |}{col 19}{res}{space 2}-.0002365{col 31}{space 2} .0002008{col 42}{space 1}   -1.18{col 51}{space 3}0.239{col 59}{space 4}-.0006301{col 72}{space 3} .0001571
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 80.01048{col 31}{space 2}  3.07371{col 42}{space 1}   26.03{col 51}{space 3}0.000{col 59}{space 4} 73.98611{col 72}{space 3} 86.03484
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostpc_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 5.940405{col 31}{space 2} .0473472{col 42}{space 1}  125.46{col 51}{space 3}0.000{col 59}{space 4} 5.847606{col 72}{space 3} 6.033204
{txt}{hline 18}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [nonsoprepc_mean]realpcincannl2 = [nonsopostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[nonsoprepc_mean]realpcincannl2 - [nonsopostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   85.40
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
. ***1966***
. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     761
{txt}{hline 13}{char +}{hline 30}           F(  1,   759) ={res}  216.63
    {txt}   Model {char |} {res}  329302551     1   329302551           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.1538e+09   759  1520119.57           {txt}R-squared     = {res} 0.2220
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.2210
    {txt}   Total {char |} {res} 1.4831e+09   760  1951412.24           {txt}Root MSE      = {res} 1232.9

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 25.75128{col 29}{space 2} 1.749606{col 40}{space 1}   14.72{col 49}{space 3}0.000{col 57}{space 4} 22.31664{col 70}{space 3} 29.18592
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5776.059{col 29}{space 2} 120.4751{col 40}{space 1}   47.94{col 49}{space 3}0.000{col 57}{space 4} 5539.555{col 70}{space 3} 6012.563
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsopreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}    1538
{txt}{hline 13}{char +}{hline 30}           F(  1,  1536) ={res}    0.01
    {txt}   Model {char |} {res} 90579.2914     1  90579.2914           {txt}Prob > F      = {res} 0.9287
    {txt}Residual {char |} {res} 1.7391e+10  1536  11322453.9           {txt}R-squared     = {res} 0.0000
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res}-0.0006
    {txt}   Total {char |} {res} 1.7391e+10  1537  11315146.2           {txt}Root MSE      = {res} 3364.9

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2}-.3950135{col 29}{space 2} 4.416394{col 40}{space 1}   -0.09{col 49}{space 3}0.929{col 57}{space 4}-9.057812{col 70}{space 3} 8.267785
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}    14515{col 29}{space 2} 345.4244{col 40}{space 1}   42.02{col 49}{space 3}0.000{col 57}{space 4} 13837.45{col 70}{space 3} 15192.56
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsopostinc
{txt}
{com}. 
. suest nonsopreinc nonsopostinc
{res}
{txt}Simultaneous results for {stata estimates replay nonsopreinc:nonsopreinc}, {stata estimates replay nonsopostinc:nonsopostinc}

{col 51}Number of obs{col 67}= {res}      2299

{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 20}{c |}      Coef.{col 32}   Std. Err.{col 44}      z{col 52}   P>|z|{col 60}     [95% Con{col 73}f. Interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopreinc_mean   {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 25.75128{col 32}{space 2} 1.508692{col 43}{space 1}   17.07{col 52}{space 3}0.000{col 60}{space 4}  22.7943{col 73}{space 3} 28.70826
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 5776.059{col 32}{space 2} 94.53542{col 43}{space 1}   61.10{col 52}{space 3}0.000{col 60}{space 4} 5590.773{col 73}{space 3} 5961.345
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopreinc_lnvar  {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2}  14.2343{col 32}{space 2} .0536112{col 43}{space 1}  265.51{col 52}{space 3}0.000{col 60}{space 4} 14.12922{col 73}{space 3} 14.33938
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostinc_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2}-.3950135{col 32}{space 2} 4.561511{col 43}{space 1}   -0.09{col 52}{space 3}0.931{col 60}{space 4}-9.335411{col 73}{space 3} 8.545384
{txt}{space 13}_cons {c |}{col 20}{res}{space 2}    14515{col 32}{space 2} 365.0222{col 43}{space 1}   39.76{col 52}{space 3}0.000{col 60}{space 4} 13799.57{col 73}{space 3} 15230.43
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostinc_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2}  16.2423{col 32}{space 2} .0362209{col 43}{space 1}  448.42{col 52}{space 3}0.000{col 60}{space 4} 16.17131{col 73}{space 3} 16.31329
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [nonsopreinc_mean]klarnerranneyl2 = [nonsopostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[nonsopreinc_mean]klarnerranneyl2 - [nonsopostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   29.62
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranneyl realpcincannl2 if nonsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     761
{txt}{hline 13}{char +}{hline 30}           F(  1,   759) ={res}  200.02
    {txt}   Model {char |} {res} 103571.067     1  103571.067           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 393018.298   759   517.81067           {txt}R-squared     = {res} 0.2086
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.2075
    {txt}   Total {char |} {res} 496589.365   760   653.40706           {txt}Root MSE      = {res} 22.755

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0090803{col 28}{space 2}  .000642{col 39}{space 1}   14.14{col 48}{space 3}0.000{col 56}{space 4} .0078199{col 69}{space 3} .0103408
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-1.127362{col 28}{space 2} 4.674456{col 39}{space 1}   -0.24{col 48}{space 3}0.809{col 56}{space 4}-10.30376{col 69}{space 3} 8.049037
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsoprepc
{txt}
{com}. 
. reg klarnerranneyl realpcincannl2 if nonsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}    1538
{txt}{hline 13}{char +}{hline 30}           F(  1,  1536) ={res}    0.02
    {txt}   Model {char |} {res} 6.09514271     1  6.09514271           {txt}Prob > F      = {res} 0.8990
    {txt}Residual {char |} {res} 580497.625  1536  377.928141           {txt}R-squared     = {res} 0.0000
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res}-0.0006
    {txt}   Total {char |} {res}  580503.72  1537   377.68622           {txt}Root MSE      = {res}  19.44

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0000187{col 28}{space 2} .0001469{col 39}{space 1}    0.13{col 48}{space 3}0.899{col 56}{space 4}-.0002695{col 69}{space 3} .0003068
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 75.50043{col 28}{space 2} 2.125026{col 39}{space 1}   35.53{col 48}{space 3}0.000{col 56}{space 4} 71.33217{col 69}{space 3} 79.66868
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsopostpc
{txt}
{com}. 
. suest nonsoprepc nonsopostpc
{res}
{txt}Simultaneous results for {stata estimates replay nonsoprepc:nonsoprepc}, {stata estimates replay nonsopostpc:nonsopostpc}

{col 51}Number of obs{col 67}= {res}      2299

{txt}{hline 18}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 19}{c |}{col 31}    Robust
{col 19}{c |}      Coef.{col 31}   Std. Err.{col 43}      z{col 51}   P>|z|{col 59}     [95% Con{col 72}f. Interval]
{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsoprepc_mean   {txt}{c |}
{space 3}realpcincannl2 {c |}{col 19}{res}{space 2} .0090803{col 31}{space 2} .0006255{col 42}{space 1}   14.52{col 51}{space 3}0.000{col 59}{space 4} .0078543{col 72}{space 3} .0103064
{txt}{space 12}_cons {c |}{col 19}{res}{space 2}-1.127362{col 31}{space 2} 4.837692{col 42}{space 1}   -0.23{col 51}{space 3}0.816{col 59}{space 4}-10.60906{col 72}{space 3} 8.354341
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsoprepc_lnvar  {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2}  6.24961{col 31}{space 2}  .044095{col 42}{space 1}  141.73{col 51}{space 3}0.000{col 59}{space 4} 6.163185{col 72}{space 3} 6.336034
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostpc_mean  {txt}{c |}
{space 3}realpcincannl2 {c |}{col 19}{res}{space 2} .0000187{col 31}{space 2} .0001529{col 42}{space 1}    0.12{col 51}{space 3}0.903{col 59}{space 4}-.0002809{col 72}{space 3} .0003182
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 75.50043{col 31}{space 2} 2.156633{col 42}{space 1}   35.01{col 51}{space 3}0.000{col 59}{space 4}  71.2735{col 72}{space 3} 79.72735
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsopostpc_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 5.934704{col 31}{space 2} .0370781{col 42}{space 1}  160.06{col 51}{space 3}0.000{col 59}{space 4} 5.862032{col 72}{space 3} 6.007376
{txt}{hline 18}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [nonsoprepc_mean]realpcincannl2 = [nonsopostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[nonsoprepc_mean]realpcincannl2 - [nonsopostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}  198.03
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
. *** Southern States***
. 
. *** 1980 ***
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     518
{txt}{hline 13}{char +}{hline 30}           F(  1,   516) ={res}   69.01
    {txt}   Model {char |} {res}  324361617     1   324361617           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 2.4253e+09   516  4700251.05           {txt}R-squared     = {res} 0.1180
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1163
    {txt}   Total {char |} {res} 2.7497e+09   517  5318551.57           {txt}Root MSE      = {res}   2168

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 33.16245{col 29}{space 2} 3.992017{col 40}{space 1}    8.31{col 49}{space 3}0.000{col 57}{space 4} 25.31984{col 70}{space 3} 41.00505
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 6087.362{col 29}{space 2} 126.9381{col 40}{space 1}   47.96{col 49}{space 3}0.000{col 57}{space 4} 5837.983{col 70}{space 3} 6336.741
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store sopreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     420
{txt}{hline 13}{char +}{hline 30}           F(  1,   418) ={res}  597.14
    {txt}   Model {char |} {res} 1.4218e+09     1  1.4218e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  995280092   418  2381052.85           {txt}R-squared     = {res} 0.5882
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5872
    {txt}   Total {char |} {res} 2.4171e+09   419     5768719           {txt}Root MSE      = {res} 1543.1

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 72.48785{col 29}{space 2} 2.966391{col 40}{space 1}   24.44{col 49}{space 3}0.000{col 57}{space 4} 66.65694{col 70}{space 3} 78.31875
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9294.537{col 29}{space 2} 192.8334{col 40}{space 1}   48.20{col 49}{space 3}0.000{col 57}{space 4} 8915.492{col 70}{space 3} 9673.581
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store sopostinc
{txt}
{com}. 
. suest sopreinc sopostinc
{res}
{txt}Simultaneous results for {stata estimates replay sopreinc:sopreinc}, {stata estimates replay sopostinc:sopostinc}

{col 51}Number of obs{col 67}= {res}       938

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopreinc_mean   {txt}{c |}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 33.16245{col 29}{space 2} 4.320758{col 40}{space 1}    7.68{col 49}{space 3}0.000{col 57}{space 4} 24.69392{col 70}{space 3} 41.63098
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 6087.362{col 29}{space 2} 111.6764{col 40}{space 1}   54.51{col 49}{space 3}0.000{col 57}{space 4}  5868.48{col 70}{space 3} 6306.243
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopreinc_lnvar  {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 15.36313{col 29}{space 2} .0495894{col 40}{space 1}  309.81{col 49}{space 3}0.000{col 57}{space 4} 15.26593{col 70}{space 3} 15.46032
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostinc_mean  {txt}{c |}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 72.48785{col 29}{space 2} 2.424521{col 40}{space 1}   29.90{col 49}{space 3}0.000{col 57}{space 4} 67.73587{col 70}{space 3} 77.23982
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9294.537{col 29}{space 2} 132.7936{col 40}{space 1}   69.99{col 49}{space 3}0.000{col 57}{space 4} 9034.266{col 70}{space 3} 9554.807
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostinc_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 14.68305{col 29}{space 2} .0970256{col 40}{space 1}  151.33{col 49}{space 3}0.000{col 57}{space 4} 14.49289{col 70}{space 3} 14.87322
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [sopreinc_mean]klarnerranneyl2 = [sopostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[sopreinc_mean]klarnerranneyl2 - [sopostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   63.00
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranneyl realpcincannl2 if nonsouth==0 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     518
{txt}{hline 13}{char +}{hline 30}           F(  1,   516) ={res}   71.48
    {txt}   Model {char |} {res} 35887.3809     1  35887.3809           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 259054.413   516  502.043436           {txt}R-squared     = {res} 0.1217
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1200
    {txt}   Total {char |} {res} 294941.794   517  570.487029           {txt}Root MSE      = {res} 22.406

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0037792{col 28}{space 2}  .000447{col 39}{space 1}    8.45{col 48}{space 3}0.000{col 56}{space 4} .0029011{col 69}{space 3} .0046574
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-3.287495{col 28}{space 2} 3.038592{col 39}{space 1}   -1.08{col 48}{space 3}0.280{col 56}{space 4}-9.257028{col 69}{space 3} 2.682038
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store soprepc
{txt}
{com}. 
. reg klarnerranneyl realpcincannl2 if nonsouth==0 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     420
{txt}{hline 13}{char +}{hline 30}           F(  1,   418) ={res}  579.88
    {txt}   Model {char |} {res} 157243.737     1  157243.737           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 113346.502   418  271.163881           {txt}R-squared     = {res} 0.5811
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5801
    {txt}   Total {char |} {res} 270590.239   419  645.800093           {txt}Root MSE      = {res} 16.467

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0080149{col 28}{space 2} .0003328{col 39}{space 1}   24.08{col 48}{space 3}0.000{col 56}{space 4} .0073606{col 69}{space 3} .0086691
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-46.45597{col 28}{space 2} 4.486914{col 39}{space 1}  -10.35{col 48}{space 3}0.000{col 56}{space 4} -55.2757{col 69}{space 3}-37.63624
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store sopostpc
{txt}
{com}. 
. suest soprepc sopostpc
{res}
{txt}Simultaneous results for {stata estimates replay soprepc:soprepc}, {stata estimates replay sopostpc:sopostpc}

{col 51}Number of obs{col 67}= {res}       938

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      z{col 48}   P>|z|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}soprepc_mean   {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0037792{col 28}{space 2} .0004309{col 39}{space 1}    8.77{col 48}{space 3}0.000{col 56}{space 4} .0029346{col 69}{space 3} .0046238
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-3.287495{col 28}{space 2} 2.872982{col 39}{space 1}   -1.14{col 48}{space 3}0.253{col 56}{space 4}-8.918437{col 69}{space 3} 2.343447
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}soprepc_lnvar  {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 6.218687{col 28}{space 2} .0701419{col 39}{space 1}   88.66{col 48}{space 3}0.000{col 56}{space 4} 6.081211{col 69}{space 3} 6.356162
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostpc_mean  {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0080149{col 28}{space 2} .0004041{col 39}{space 1}   19.83{col 48}{space 3}0.000{col 56}{space 4} .0072228{col 69}{space 3} .0088069
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-46.45597{col 28}{space 2} 5.389101{col 39}{space 1}   -8.62{col 48}{space 3}0.000{col 56}{space 4}-57.01841{col 69}{space 3}-35.89353
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostpc_lnvar {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 5.602723{col 28}{space 2} .0625858{col 39}{space 1}   89.52{col 48}{space 3}0.000{col 56}{space 4} 5.480058{col 69}{space 3} 5.725389
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [soprepc_mean]realpcincannl2 = [sopostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[soprepc_mean]realpcincannl2 - [sopostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   51.41
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
. 
. ***1966 ***
. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     322
{txt}{hline 13}{char +}{hline 30}           F(  1,   320) ={res}    0.58
    {txt}   Model {char |} {res} 694220.542     1  694220.542           {txt}Prob > F      = {res} 0.4485
    {txt}Residual {char |} {res}  385750748   320  1205471.09           {txt}R-squared     = {res} 0.0018
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res}-0.0013
    {txt}   Total {char |} {res}  386444968   321  1203878.41           {txt}Root MSE      = {res} 1097.9

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 2.224436{col 29}{space 2} 2.931228{col 40}{space 1}    0.76{col 49}{space 3}0.448{col 57}{space 4}-3.542476{col 70}{space 3} 7.991348
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5215.418{col 29}{space 2} 75.94049{col 40}{space 1}   68.68{col 49}{space 3}0.000{col 57}{space 4} 5066.012{col 70}{space 3} 5364.824
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store sopreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==0 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     616
{txt}{hline 13}{char +}{hline 30}           F(  1,   614) ={res}  759.48
    {txt}   Model {char |} {res} 2.9183e+09     1  2.9183e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 2.3593e+09   614  3842499.71           {txt}R-squared     = {res} 0.5530
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5522
    {txt}   Total {char |} {res} 5.2776e+09   615  8581484.26           {txt}Root MSE      = {res} 1960.2

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 75.33314{col 29}{space 2} 2.733548{col 40}{space 1}   27.56{col 49}{space 3}0.000{col 57}{space 4} 69.96491{col 70}{space 3} 80.70138
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 8454.888{col 29}{space 2}  158.937{col 40}{space 1}   53.20{col 49}{space 3}0.000{col 57}{space 4} 8142.762{col 70}{space 3} 8767.014
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store sopostinc
{txt}
{com}. 
. suest sopreinc sopostinc
{res}
{txt}Simultaneous results for {stata estimates replay sopreinc:sopreinc}, {stata estimates replay sopostinc:sopostinc}

{col 51}Number of obs{col 67}= {res}       938

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopreinc_mean   {txt}{c |}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 2.224436{col 29}{space 2} 2.681403{col 40}{space 1}    0.83{col 49}{space 3}0.407{col 57}{space 4}-3.031017{col 70}{space 3} 7.479889
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5215.418{col 29}{space 2} 77.15206{col 40}{space 1}   67.60{col 49}{space 3}0.000{col 57}{space 4} 5064.203{col 70}{space 3} 5366.633
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopreinc_lnvar  {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 14.00238{col 29}{space 2} .0707997{col 40}{space 1}  197.77{col 49}{space 3}0.000{col 57}{space 4} 13.86362{col 70}{space 3} 14.14115
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostinc_mean  {txt}{c |}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 75.33314{col 29}{space 2} 2.464742{col 40}{space 1}   30.56{col 49}{space 3}0.000{col 57}{space 4} 70.50234{col 70}{space 3} 80.16395
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 8454.888{col 29}{space 2} 108.3859{col 40}{space 1}   78.01{col 49}{space 3}0.000{col 57}{space 4} 8242.456{col 70}{space 3} 8667.321
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostinc_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 15.16163{col 29}{space 2} .0763837{col 40}{space 1}  198.49{col 49}{space 3}0.000{col 57}{space 4} 15.01192{col 70}{space 3} 15.31134
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [sopreinc_mean]klarnerranneyl2 = [sopostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[sopreinc_mean]klarnerranneyl2 - [sopostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}  402.94
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranneyl realpcincannl2 if nonsouth==0 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     322
{txt}{hline 13}{char +}{hline 30}           F(  1,   320) ={res}    1.06
    {txt}   Model {char |} {res} 463.142027     1  463.142027           {txt}Prob > F      = {res} 0.3040
    {txt}Residual {char |} {res}  139836.87   320  436.990219           {txt}R-squared     = {res} 0.0033
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0002
    {txt}   Total {char |} {res} 140300.012   321  437.071689           {txt}Root MSE      = {res} 20.904

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0011973{col 28}{space 2}  .001163{col 39}{space 1}    1.03{col 48}{space 3}0.304{col 56}{space 4}-.0010908{col 69}{space 3} .0034855
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}   9.3802{col 28}{space 2} 5.910214{col 39}{space 1}    1.59{col 48}{space 3}0.113{col 56}{space 4}-2.247584{col 69}{space 3} 21.00798
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store soprepc
{txt}
{com}. 
. reg klarnerranneyl realpcincannl2 if nonsouth==0 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     616
{txt}{hline 13}{char +}{hline 30}           F(  1,   614) ={res}  738.20
    {txt}   Model {char |} {res} 280733.675     1  280733.675           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 233499.891   614  380.292981           {txt}R-squared     = {res} 0.5459
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5452
    {txt}   Total {char |} {res} 514233.565   615  836.152139           {txt}Root MSE      = {res} 19.501

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}klarnerranne~2{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0071456{col 28}{space 2}  .000263{col 39}{space 1}   27.17{col 48}{space 3}0.000{col 56}{space 4} .0066291{col 69}{space 3} .0076621
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} -34.1964{col 28}{space 2}  3.21322{col 39}{space 1}  -10.64{col 48}{space 3}0.000{col 56}{space 4}-40.50663{col 69}{space 3}-27.88616
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store sopostpc
{txt}
{com}. 
. suest soprepc sopostpc
{res}
{txt}Simultaneous results for {stata estimates replay soprepc:soprepc}, {stata estimates replay sopostpc:sopostpc}

{col 51}Number of obs{col 67}= {res}       938

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      z{col 48}   P>|z|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}soprepc_mean   {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0011973{col 28}{space 2} .0009448{col 39}{space 1}    1.27{col 48}{space 3}0.205{col 56}{space 4}-.0006545{col 69}{space 3} .0030491
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}   9.3802{col 28}{space 2} 5.053323{col 39}{space 1}    1.86{col 48}{space 3}0.063{col 56}{space 4}-.5241308{col 69}{space 3} 19.28453
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}soprepc_lnvar  {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 6.079911{col 28}{space 2} .1027001{col 39}{space 1}   59.20{col 48}{space 3}0.000{col 56}{space 4} 5.878622{col 69}{space 3} 6.281199
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostpc_mean  {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0071456{col 28}{space 2} .0002822{col 39}{space 1}   25.33{col 48}{space 3}0.000{col 56}{space 4} .0065926{col 69}{space 3} .0076986
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} -34.1964{col 28}{space 2} 3.665691{col 39}{space 1}   -9.33{col 48}{space 3}0.000{col 56}{space 4}-41.38102{col 69}{space 3}-27.01177
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}sopostpc_lnvar {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 5.940942{col 28}{space 2} .0604003{col 39}{space 1}   98.36{col 48}{space 3}0.000{col 56}{space 4}  5.82256{col 69}{space 3} 6.059324
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [soprepc_mean]realpcincannl2 = [sopostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[soprepc_mean]realpcincannl2 - [sopostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   36.39
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
. ***Old South***
. 
. ***1980***
. 
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   25.72
    {txt}   Model {char |} {res}  112107873     1   112107873           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.4427e+09   331  4358760.52           {txt}R-squared     = {res} 0.0721
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0693
    {txt}   Total {char |} {res} 1.5549e+09   332  4683306.04           {txt}Root MSE      = {res} 2087.8

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 22.05602{col 29}{space 2} 4.349012{col 40}{space 1}    5.07{col 49}{space 3}0.000{col 57}{space 4} 13.50083{col 70}{space 3} 30.61121
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5883.817{col 29}{space 2} 153.0412{col 40}{space 1}   38.45{col 49}{space 3}0.000{col 57}{space 4} 5582.761{col 70}{space 3} 6184.873
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  441.42
    {txt}   Model {char |} {res}  663099859     1   663099859           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  402592526   268  1502210.92           {txt}R-squared     = {res} 0.6222
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6208
    {txt}   Total {char |} {res} 1.0657e+09   269  3961681.73           {txt}Root MSE      = {res} 1225.6

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 60.22847{col 29}{space 2} 2.866671{col 40}{space 1}   21.01{col 49}{space 3}0.000{col 57}{space 4} 54.58441{col 70}{space 3} 65.87253
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9447.034{col 29}{space 2} 175.1345{col 40}{space 1}   53.94{col 49}{space 3}0.000{col 57}{space 4}  9102.22{col 70}{space 3} 9791.849
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpostinc
{txt}
{com}. 
. suest oldpreinc oldpostinc
{res}
{txt}Simultaneous results for {stata estimates replay oldpreinc:oldpreinc}, {stata estimates replay oldpostinc:oldpostinc}

{col 51}Number of obs{col 67}= {res}       603

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      z{col 50}   P>|z|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpreinc_mean   {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2} 22.05602{col 30}{space 2} 4.421046{col 41}{space 1}    4.99{col 50}{space 3}0.000{col 58}{space 4} 13.39093{col 71}{space 3} 30.72111
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 5883.817{col 30}{space 2} 145.4074{col 41}{space 1}   40.46{col 50}{space 3}0.000{col 58}{space 4} 5598.823{col 71}{space 3}  6168.81
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpreinc_lnvar  {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2}  15.2877{col 30}{space 2} .0560076{col 41}{space 1}  272.96{col 50}{space 3}0.000{col 58}{space 4} 15.17793{col 71}{space 3} 15.39747
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostinc_mean  {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2} 60.22847{col 30}{space 2} 2.459927{col 41}{space 1}   24.48{col 50}{space 3}0.000{col 58}{space 4}  55.4071{col 71}{space 3} 65.04984
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 9447.034{col 30}{space 2} 136.6284{col 41}{space 1}   69.14{col 50}{space 3}0.000{col 58}{space 4} 9179.247{col 71}{space 3} 9714.821
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostinc_lnvar {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2} 14.22245{col 30}{space 2} .1029539{col 41}{space 1}  138.14{col 50}{space 3}0.000{col 58}{space 4} 14.02066{col 71}{space 3} 14.42423
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldpreinc_mean]klarnerranneyl2 = [oldpostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldpreinc_mean]klarnerranneyl2 - [oldpostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   56.93
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   27.34
    {txt}   Model {char |} {res} 17667.0079     1  17667.0079           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 213922.705   331  646.292161           {txt}R-squared     = {res} 0.0763
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0735
    {txt}   Total {char |} {res} 231589.713   332  697.559377           {txt}Root MSE      = {res} 25.422

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0035304{col 28}{space 2} .0006752{col 39}{space 1}    5.23{col 48}{space 3}0.000{col 56}{space 4} .0022021{col 69}{space 3} .0048586
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 2.642314{col 28}{space 2} 4.319738{col 39}{space 1}    0.61{col 48}{space 3}0.541{col 56}{space 4}-5.855287{col 69}{space 3} 11.13992
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldprepc
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  415.34
    {txt}   Model {char |} {res}  104640.17     1   104640.17           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 67518.8721   268   251.93609           {txt}R-squared     = {res} 0.6078
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6063
    {txt}   Total {char |} {res} 172159.042   269  639.996439           {txt}Root MSE      = {res} 15.872

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2}  .009941{col 28}{space 2} .0004878{col 39}{space 1}   20.38{col 48}{space 3}0.000{col 56}{space 4} .0089806{col 69}{space 3} .0109014
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-64.90738{col 28}{space 2} 6.136119{col 39}{space 1}  -10.58{col 48}{space 3}0.000{col 56}{space 4}-76.98851{col 69}{space 3}-52.82625
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpostpc
{txt}
{com}. 
. suest oldprepc oldpostpc
{res}
{txt}Simultaneous results for {stata estimates replay oldprepc:oldprepc}, {stata estimates replay oldpostpc:oldpostpc}

{col 51}Number of obs{col 67}= {res}       603

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldprepc_mean   {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0035304{col 29}{space 2} .0006518{col 40}{space 1}    5.42{col 49}{space 3}0.000{col 57}{space 4} .0022528{col 70}{space 3} .0048079
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 2.642314{col 29}{space 2} 4.065812{col 40}{space 1}    0.65{col 49}{space 3}0.516{col 57}{space 4} -5.32653{col 70}{space 3} 10.61116
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldprepc_lnvar  {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 6.471252{col 29}{space 2} .0681077{col 40}{space 1}   95.01{col 49}{space 3}0.000{col 57}{space 4} 6.337763{col 70}{space 3}  6.60474
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostpc_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2}  .009941{col 29}{space 2} .0004841{col 40}{space 1}   20.53{col 49}{space 3}0.000{col 57}{space 4} .0089921{col 70}{space 3} .0108899
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-64.90738{col 29}{space 2} 6.178844{col 40}{space 1}  -10.50{col 49}{space 3}0.000{col 57}{space 4} -77.0177{col 70}{space 3}-52.79707
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostpc_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 5.529175{col 29}{space 2} .0843402{col 40}{space 1}   65.56{col 49}{space 3}0.000{col 57}{space 4} 5.363872{col 70}{space 3} 5.694479
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldprepc_mean]realpcincannl2 = [oldpostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldprepc_mean]realpcincannl2 - [oldpostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   62.33
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. ***1966***
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     207
{txt}{hline 13}{char +}{hline 30}           F(  1,   205) ={res}   10.78
    {txt}   Model {char |} {res}   10130904     1    10130904           {txt}Prob > F      = {res} 0.0012
    {txt}Residual {char |} {res}  192606172   205    939542.3           {txt}R-squared     = {res} 0.0500
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0453
    {txt}   Total {char |} {res}  202737076   206  984160.561           {txt}Root MSE      = {res}  969.3

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 9.043094{col 29}{space 2} 2.753919{col 40}{space 1}    3.28{col 49}{space 3}0.001{col 57}{space 4} 3.613458{col 70}{space 3} 14.47273
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 4748.181{col 29}{space 2}   86.856{col 40}{space 1}   54.67{col 49}{space 3}0.000{col 57}{space 4} 4576.935{col 70}{space 3} 4919.427
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     396
{txt}{hline 13}{char +}{hline 30}           F(  1,   394) ={res}  401.26
    {txt}   Model {char |} {res} 1.3023e+09     1  1.3023e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.2787e+09   394  3245485.05           {txt}R-squared     = {res} 0.5046
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5033
    {txt}   Total {char |} {res} 2.5810e+09   395  6534218.33           {txt}Root MSE      = {res} 1801.5

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 61.72629{col 29}{space 2} 3.081451{col 40}{space 1}   20.03{col 49}{space 3}0.000{col 57}{space 4} 55.66815{col 70}{space 3} 67.78443
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 8618.958{col 29}{space 2} 170.6293{col 40}{space 1}   50.51{col 49}{space 3}0.000{col 57}{space 4}   8283.5{col 70}{space 3} 8954.416
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpostinc
{txt}
{com}. 
. suest oldpreinc oldpostinc
{res}
{txt}Simultaneous results for {stata estimates replay oldpreinc:oldpreinc}, {stata estimates replay oldpostinc:oldpostinc}

{col 51}Number of obs{col 67}= {res}       603

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      z{col 50}   P>|z|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpreinc_mean   {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2} 9.043094{col 30}{space 2} 2.824277{col 41}{space 1}    3.20{col 50}{space 3}0.001{col 58}{space 4} 3.507613{col 71}{space 3} 14.57857
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 4748.181{col 30}{space 2}  86.0757{col 41}{space 1}   55.16{col 50}{space 3}0.000{col 58}{space 4} 4579.476{col 71}{space 3} 4916.886
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpreinc_lnvar  {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2} 13.75315{col 30}{space 2}  .085051{col 41}{space 1}  161.70{col 50}{space 3}0.000{col 58}{space 4} 13.58645{col 71}{space 3} 13.91985
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostinc_mean  {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2} 61.72629{col 30}{space 2} 2.941213{col 41}{space 1}   20.99{col 50}{space 3}0.000{col 58}{space 4} 55.96162{col 71}{space 3} 67.49096
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 8618.958{col 30}{space 2} 125.7665{col 41}{space 1}   68.53{col 50}{space 3}0.000{col 58}{space 4}  8372.46{col 71}{space 3} 8865.456
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostinc_lnvar {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2} 14.99278{col 30}{space 2} .0841314{col 41}{space 1}  178.21{col 50}{space 3}0.000{col 58}{space 4} 14.82788{col 71}{space 3} 15.15767
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldpreinc_mean]klarnerranneyl2 = [oldpostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldpreinc_mean]klarnerranneyl2 - [oldpostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}  166.93
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     207
{txt}{hline 13}{char +}{hline 30}           F(  1,   205) ={res}   15.78
    {txt}   Model {char |} {res} 8901.74303     1  8901.74303           {txt}Prob > F      = {res} 0.0001
    {txt}Residual {char |} {res} 115665.469   205  564.221802           {txt}R-squared     = {res} 0.0715
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0669
    {txt}   Total {char |} {res} 124567.213   206  604.695206           {txt}Root MSE      = {res} 23.753

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0073548{col 28}{space 2} .0018516{col 39}{space 1}    3.97{col 48}{space 3}0.000{col 56}{space 4} .0037041{col 69}{space 3} .0110055
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-14.09682{col 28}{space 2} 8.794927{col 39}{space 1}   -1.60{col 48}{space 3}0.111{col 56}{space 4}-31.43693{col 69}{space 3} 3.243286
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldprepc
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     396
{txt}{hline 13}{char +}{hline 30}           F(  1,   394) ={res}  392.73
    {txt}   Model {char |} {res}  169797.24     1   169797.24           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 170344.457   394  432.346338           {txt}R-squared     = {res} 0.4992
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4979
    {txt}   Total {char |} {res} 340141.697   395  861.118221           {txt}Root MSE      = {res} 20.793

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0079497{col 28}{space 2} .0004011{col 39}{space 1}   19.82{col 48}{space 3}0.000{col 56}{space 4}  .007161{col 69}{space 3} .0087383
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-38.85124{col 28}{space 2} 4.582871{col 39}{space 1}   -8.48{col 48}{space 3}0.000{col 56}{space 4}-47.86118{col 69}{space 3} -29.8413
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpostpc
{txt}
{com}. 
. suest oldprepc oldpostpc
{res}
{txt}Simultaneous results for {stata estimates replay oldprepc:oldprepc}, {stata estimates replay oldpostpc:oldpostpc}

{col 51}Number of obs{col 67}= {res}       603

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldprepc_mean   {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0073548{col 29}{space 2} .0015797{col 40}{space 1}    4.66{col 49}{space 3}0.000{col 57}{space 4} .0042587{col 70}{space 3} .0104509
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-14.09682{col 29}{space 2}  7.56266{col 40}{space 1}   -1.86{col 49}{space 3}0.062{col 57}{space 4}-28.91936{col 70}{space 3}  .725719
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldprepc_lnvar  {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 6.335447{col 29}{space 2} .1020568{col 40}{space 1}   62.08{col 49}{space 3}0.000{col 57}{space 4}  6.13542{col 70}{space 3} 6.535475
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostpc_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0079497{col 29}{space 2} .0004155{col 40}{space 1}   19.13{col 49}{space 3}0.000{col 57}{space 4} .0071353{col 70}{space 3}  .008764
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-38.85124{col 29}{space 2} 5.215011{col 40}{space 1}   -7.45{col 49}{space 3}0.000{col 57}{space 4}-49.07247{col 70}{space 3}-28.63001
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpostpc_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 6.069227{col 29}{space 2} .0802186{col 40}{space 1}   75.66{col 49}{space 3}0.000{col 57}{space 4} 5.912001{col 70}{space 3} 6.226453
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldprepc_mean]realpcincannl2 = [oldpostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldprepc_mean]realpcincannl2 - [oldpostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    0.13
{txt}{col 10}Prob > chi2 =  {res}  0.7157
{txt}
{com}. 
. 
. ***New South***
. 
. ***1980***
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  176.07
    {txt}   Model {char |} {res}  518105672     1   518105672           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  538506535   183  2942658.66           {txt}R-squared     = {res} 0.4903
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4876
    {txt}   Total {char |} {res} 1.0566e+09   184  5742457.65           {txt}Root MSE      = {res} 1715.4

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 93.45896{col 29}{space 2}  7.04339{col 40}{space 1}   13.27{col 49}{space 3}0.000{col 57}{space 4} 79.56227{col 70}{space 3} 107.3557
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5909.361{col 29}{space 2} 172.8319{col 40}{space 1}   34.19{col 49}{space 3}0.000{col 57}{space 4} 5568.361{col 70}{space 3}  6250.36
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  184.96
    {txt}   Model {char |} {res}  442665850     1   442665850           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  354201990   148  2393256.69           {txt}R-squared     = {res} 0.5555
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5525
    {txt}   Total {char |} {res}  796867840   149  5348106.31           {txt}Root MSE      = {res}   1547

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 78.41118{col 29}{space 2} 5.765469{col 40}{space 1}   13.60{col 49}{space 3}0.000{col 57}{space 4} 67.01791{col 70}{space 3} 89.80445
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9836.576{col 29}{space 2} 412.2973{col 40}{space 1}   23.86{col 49}{space 3}0.000{col 57}{space 4} 9021.826{col 70}{space 3} 10651.33
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpostinc
{txt}
{com}. 
. suest newpreinc newpostinc
{res}
{txt}Simultaneous results for {stata estimates replay newpreinc:newpreinc}, {stata estimates replay newpostinc:newpostinc}

{col 51}Number of obs{col 67}= {res}       335

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      z{col 50}   P>|z|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpreinc_mean   {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2} 93.45896{col 30}{space 2} 6.400659{col 41}{space 1}   14.60{col 50}{space 3}0.000{col 58}{space 4}  80.9139{col 71}{space 3}  106.004
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 5909.361{col 30}{space 2} 151.5234{col 41}{space 1}   39.00{col 50}{space 3}0.000{col 58}{space 4}  5612.38{col 71}{space 3} 6206.341
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpreinc_lnvar  {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2} 14.89482{col 30}{space 2} .0917635{col 41}{space 1}  162.32{col 50}{space 3}0.000{col 58}{space 4} 14.71497{col 71}{space 3} 15.07468
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostinc_mean  {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2} 78.41118{col 30}{space 2}  4.45298{col 41}{space 1}   17.61{col 50}{space 3}0.000{col 58}{space 4}  69.6835{col 71}{space 3} 87.13886
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 9836.576{col 30}{space 2} 290.3844{col 41}{space 1}   33.87{col 50}{space 3}0.000{col 58}{space 4} 9267.433{col 71}{space 3} 10405.72
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostinc_lnvar {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2} 14.68817{col 30}{space 2} .1432248{col 41}{space 1}  102.55{col 50}{space 3}0.000{col 58}{space 4} 14.40745{col 71}{space 3} 14.96888
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newpreinc_mean]klarnerranneyl2 = [newpostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newpreinc_mean]klarnerranneyl2 - [newpostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    3.72
{txt}{col 10}Prob > chi2 =  {res}  0.0536
{txt}
{com}. 
. 
. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  160.64
    {txt}   Model {char |} {res} 28837.8629     1  28837.8629           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32851.1211   183  179.514323           {txt}R-squared     = {res} 0.4675
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4646
    {txt}   Total {char |} {res}  61688.984   184  335.266218           {txt}Root MSE      = {res} 13.398

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004316{col 39}{space 1}   12.67{col 48}{space 3}0.000{col 56}{space 4} .0046188{col 69}{space 3} .0063219
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 3.221754{col 39}{space 1}   -6.37{col 48}{space 3}0.000{col 56}{space 4} -26.8677{col 69}{space 3}-14.15458
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newprepc
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  124.04
    {txt}   Model {char |} {res} 27203.1537     1  27203.1537           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32458.3106   148  219.312909           {txt}R-squared     = {res} 0.4560
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4523
    {txt}   Total {char |} {res} 59661.4643   149  400.412512           {txt}Root MSE      = {res} 14.809

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0056401{col 28}{space 2} .0005064{col 39}{space 1}   11.14{col 48}{space 3}0.000{col 56}{space 4} .0046394{col 69}{space 3} .0066409
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-12.17094{col 28}{space 2} 7.579766{col 39}{space 1}   -1.61{col 48}{space 3}0.110{col 56}{space 4}-27.14948{col 69}{space 3} 2.807609
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpostpc
{txt}
{com}. 
. suest newprepc newpostpc
{res}
{txt}Simultaneous results for {stata estimates replay newprepc:newprepc}, {stata estimates replay newpostpc:newpostpc}

{col 51}Number of obs{col 67}= {res}       335

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newprepc_mean   {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0054704{col 29}{space 2} .0004367{col 40}{space 1}   12.53{col 49}{space 3}0.000{col 57}{space 4} .0046145{col 70}{space 3} .0063263
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-20.51114{col 29}{space 2} 2.679369{col 40}{space 1}   -7.66{col 49}{space 3}0.000{col 57}{space 4} -25.7626{col 70}{space 3}-15.25967
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newprepc_lnvar  {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 5.190255{col 29}{space 2} .1449481{col 40}{space 1}   35.81{col 49}{space 3}0.000{col 57}{space 4} 4.906162{col 70}{space 3} 5.474348
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostpc_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0056401{col 29}{space 2} .0005192{col 40}{space 1}   10.86{col 49}{space 3}0.000{col 57}{space 4} .0046225{col 70}{space 3} .0066578
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-12.17094{col 29}{space 2} 7.789479{col 40}{space 1}   -1.56{col 49}{space 3}0.118{col 57}{space 4}-27.43804{col 70}{space 3}  3.09616
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostpc_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2}   5.3905{col 29}{space 2} .0923603{col 40}{space 1}   58.36{col 49}{space 3}0.000{col 57}{space 4} 5.209477{col 70}{space 3} 5.571522
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newprepc_mean]realpcincannl2 = [newpostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newprepc_mean]realpcincannl2 - [newpostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    0.06
{txt}{col 10}Prob > chi2 =  {res}  0.8024
{txt}
{com}. 
. 
. 
. ***1966***
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     115
{txt}{hline 13}{char +}{hline 30}           F(  1,   113) ={res}    0.36
    {txt}   Model {char |} {res} 389774.234     1  389774.234           {txt}Prob > F      = {res} 0.5515
    {txt}Residual {char |} {res}  123460964   113   1092574.9           {txt}R-squared     = {res} 0.0031
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res}-0.0057
    {txt}   Total {char |} {res}  123850738   114  1086409.98           {txt}Root MSE      = {res} 1045.3

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 9.452958{col 29}{space 2} 15.82657{col 40}{space 1}    0.60{col 49}{space 3}0.552{col 57}{space 4}-21.90233{col 70}{space 3} 40.80825
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5760.542{col 29}{space 2} 149.1895{col 40}{space 1}   38.61{col 49}{space 3}0.000{col 57}{space 4} 5464.971{col 70}{space 3} 6056.114
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpreinc
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     220
{txt}{hline 13}{char +}{hline 30}           F(  1,   218) ={res}  416.36
    {txt}   Model {char |} {res} 1.3717e+09     1  1.3717e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  718193391   218   3294465.1           {txt}R-squared     = {res} 0.6563
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6548
    {txt}   Total {char |} {res} 2.0899e+09   219  9542750.42           {txt}Root MSE      = {res} 1815.1

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2}  92.9683{col 29}{space 2} 4.556199{col 40}{space 1}   20.40{col 49}{space 3}0.000{col 57}{space 4} 83.98846{col 70}{space 3} 101.9481
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 8307.627{col 29}{space 2} 286.2303{col 40}{space 1}   29.02{col 49}{space 3}0.000{col 57}{space 4} 7743.494{col 70}{space 3}  8871.76
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpostinc
{txt}
{com}. 
. suest newpreinc newpostinc
{res}
{txt}Simultaneous results for {stata estimates replay newpreinc:newpreinc}, {stata estimates replay newpostinc:newpostinc}

{col 51}Number of obs{col 67}= {res}       335

{txt}{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 18}{c |}      Coef.{col 30}   Std. Err.{col 42}      z{col 50}   P>|z|{col 58}     [95% Con{col 71}f. Interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpreinc_mean   {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2} 9.452958{col 30}{space 2} 16.84908{col 41}{space 1}    0.56{col 50}{space 3}0.575{col 58}{space 4}-23.57063{col 71}{space 3} 42.47655
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 5760.542{col 30}{space 2} 126.2022{col 41}{space 1}   45.65{col 50}{space 3}0.000{col 58}{space 4}  5513.19{col 71}{space 3} 6007.894
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpreinc_lnvar  {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2} 13.90405{col 30}{space 2}  .108943{col 41}{space 1}  127.63{col 50}{space 3}0.000{col 58}{space 4} 13.69052{col 71}{space 3} 14.11757
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostinc_mean  {txt}{c |}
{space 1}klarnerranneyl2 {c |}{col 18}{res}{space 2}  92.9683{col 30}{space 2} 3.633723{col 41}{space 1}   25.58{col 50}{space 3}0.000{col 58}{space 4} 85.84633{col 71}{space 3} 100.0903
{txt}{space 11}_cons {c |}{col 18}{res}{space 2} 8307.627{col 30}{space 2} 205.3034{col 41}{space 1}   40.47{col 50}{space 3}0.000{col 58}{space 4}  7905.24{col 71}{space 3} 8710.014
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostinc_lnvar {txt}{c |}
{space 11}_cons {c |}{col 18}{res}{space 2} 15.00775{col 30}{space 2} .1132124{col 41}{space 1}  132.56{col 50}{space 3}0.000{col 58}{space 4} 14.78586{col 71}{space 3} 15.22965
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newpreinc_mean]klarnerranneyl2 = [newpostinc_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newpreinc_mean]klarnerranneyl2 - [newpostinc_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   23.48
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     115
{txt}{hline 13}{char +}{hline 30}           F(  1,   113) ={res}    1.15
    {txt}   Model {char |} {res} 54.7594394     1  54.7594394           {txt}Prob > F      = {res} 0.2863
    {txt}Residual {char |} {res} 5392.15401   113  47.7181771           {txt}R-squared     = {res} 0.0101
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0013
    {txt}   Total {char |} {res} 5446.91345   114  47.7799425           {txt}Root MSE      = {res} 6.9078

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0007386{col 28}{space 2} .0006895{col 39}{space 1}    1.07{col 48}{space 3}0.286{col 56}{space 4}-.0006274{col 69}{space 3} .0021045
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 3.974231{col 28}{space 2}  3.88174{col 39}{space 1}    1.02{col 48}{space 3}0.308{col 56}{space 4}-3.716197{col 69}{space 3} 11.66466
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newprepc
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     220
{txt}{hline 13}{char +}{hline 30}           F(  1,   218) ={res}  323.86
    {txt}   Model {char |} {res} 86769.7249     1  86769.7249           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 58408.1415   218  267.927255           {txt}R-squared     = {res} 0.5977
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5958
    {txt}   Total {char |} {res} 145177.866   219  662.912632           {txt}Root MSE      = {res} 16.368

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0062358{col 28}{space 2} .0003465{col 39}{space 1}   18.00{col 48}{space 3}0.000{col 56}{space 4} .0055529{col 69}{space 3} .0069187
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-22.24529{col 28}{space 2} 4.687863{col 39}{space 1}   -4.75{col 48}{space 3}0.000{col 56}{space 4}-31.48462{col 69}{space 3}-13.00595
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpostpc
{txt}
{com}. 
. suest newprepc newpostpc
{res}
{txt}Simultaneous results for {stata estimates replay newprepc:newprepc}, {stata estimates replay newpostpc:newpostpc}

{col 51}Number of obs{col 67}= {res}       335

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newprepc_mean   {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0007386{col 29}{space 2}  .000745{col 40}{space 1}    0.99{col 49}{space 3}0.321{col 57}{space 4}-.0007215{col 70}{space 3} .0021987
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 3.974231{col 29}{space 2} 4.047464{col 40}{space 1}    0.98{col 49}{space 3}0.326{col 57}{space 4}-3.958652{col 70}{space 3} 11.90711
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newprepc_lnvar  {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 3.865312{col 29}{space 2} .1028863{col 40}{space 1}   37.57{col 49}{space 3}0.000{col 57}{space 4} 3.663659{col 70}{space 3} 4.066966
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostpc_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0062358{col 29}{space 2} .0003719{col 40}{space 1}   16.77{col 49}{space 3}0.000{col 57}{space 4} .0055068{col 70}{space 3} .0069648
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-22.24529{col 29}{space 2} 5.189133{col 40}{space 1}   -4.29{col 49}{space 3}0.000{col 57}{space 4} -32.4158{col 70}{space 3}-12.07477
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpostpc_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 5.590716{col 29}{space 2} .0824811{col 40}{space 1}   67.78{col 49}{space 3}0.000{col 57}{space 4} 5.429056{col 70}{space 3} 5.752376
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newprepc_mean]realpcincannl2 = [newpostpc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newprepc_mean]realpcincannl2 - [newpostpc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   43.59
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. ****** Comparing Non-Southern States Based on Breakpoints***
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}    1251
{txt}{hline 13}{char +}{hline 30}           F(  1,  1249) ={res}  157.59
    {txt}   Model {char |} {res}  917536545     1   917536545           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 7.2722e+09  1249   5822432.5           {txt}R-squared     = {res} 0.1120
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.1113
    {txt}   Total {char |} {res} 8.1898e+09  1250  6551803.79           {txt}Root MSE      = {res}   2413

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 35.92138{col 29}{space 2} 2.861499{col 40}{space 1}   12.55{col 49}{space 3}0.000{col 57}{space 4}  30.3075{col 70}{space 3} 41.53525
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 6587.255{col 29}{space 2} 206.4108{col 40}{space 1}   31.91{col 49}{space 3}0.000{col 57}{space 4} 6182.304{col 70}{space 3} 6992.205
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsouth1980
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if nonsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     761
{txt}{hline 13}{char +}{hline 30}           F(  1,   759) ={res}  216.63
    {txt}   Model {char |} {res}  329302551     1   329302551           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.1538e+09   759  1520119.57           {txt}R-squared     = {res} 0.2220
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.2210
    {txt}   Total {char |} {res} 1.4831e+09   760  1951412.24           {txt}Root MSE      = {res} 1232.9

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 25.75128{col 29}{space 2} 1.749606{col 40}{space 1}   14.72{col 49}{space 3}0.000{col 57}{space 4} 22.31664{col 70}{space 3} 29.18592
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5776.059{col 29}{space 2} 120.4751{col 40}{space 1}   47.94{col 49}{space 3}0.000{col 57}{space 4} 5539.555{col 70}{space 3} 6012.563
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsouth1967
{txt}
{com}. 
. suest nonsouth1980 nonsouth1967
{res}
{txt}Simultaneous results for {stata estimates replay nonsouth1980:nonsouth1980}, {stata estimates replay nonsouth1967:nonsouth1967}

{col 51}Number of obs{col 67}= {res}      1251

{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 20}{c |}      Coef.{col 32}   Std. Err.{col 44}      z{col 52}   P>|z|{col 60}     [95% Con{col 73}f. Interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1980_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 35.92138{col 32}{space 2} 2.617108{col 43}{space 1}   13.73{col 52}{space 3}0.000{col 60}{space 4} 30.79194{col 73}{space 3} 41.05082
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 6587.255{col 32}{space 2}  189.929{col 43}{space 1}   34.68{col 52}{space 3}0.000{col 60}{space 4} 6215.001{col 73}{space 3} 6959.509
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1980_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 15.57723{col 32}{space 2} .0476721{col 43}{space 1}  326.76{col 52}{space 3}0.000{col 60}{space 4} 15.48379{col 73}{space 3} 15.67066
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1967_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 25.75128{col 32}{space 2} 1.508967{col 43}{space 1}   17.07{col 52}{space 3}0.000{col 60}{space 4} 22.79376{col 73}{space 3}  28.7088
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 5776.059{col 32}{space 2} 94.55265{col 43}{space 1}   61.09{col 52}{space 3}0.000{col 60}{space 4} 5590.739{col 73}{space 3} 5961.379
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1967_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2}  14.2343{col 32}{space 2}  .053621{col 43}{space 1}  265.46{col 52}{space 3}0.000{col 60}{space 4}  14.1292{col 73}{space 3} 14.33939
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [nonsouth1980_mean]klarnerranneyl2 = [nonsouth1967_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[nonsouth1980_mean]klarnerranneyl2 - [nonsouth1967_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   18.36
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  160.64
    {txt}   Model {char |} {res} 28837.8629     1  28837.8629           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32851.1211   183  179.514323           {txt}R-squared     = {res} 0.4675
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4646
    {txt}   Total {char |} {res}  61688.984   184  335.266218           {txt}Root MSE      = {res} 13.398

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004316{col 39}{space 1}   12.67{col 48}{space 3}0.000{col 56}{space 4} .0046188{col 69}{space 3} .0063219
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 3.221754{col 39}{space 1}   -6.37{col 48}{space 3}0.000{col 56}{space 4} -26.8677{col 69}{space 3}-14.15458
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsouth1980pc
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     115
{txt}{hline 13}{char +}{hline 30}           F(  1,   113) ={res}    1.15
    {txt}   Model {char |} {res} 54.7594394     1  54.7594394           {txt}Prob > F      = {res} 0.2863
    {txt}Residual {char |} {res} 5392.15401   113  47.7181771           {txt}R-squared     = {res} 0.0101
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0013
    {txt}   Total {char |} {res} 5446.91345   114  47.7799425           {txt}Root MSE      = {res} 6.9078

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0007386{col 28}{space 2} .0006895{col 39}{space 1}    1.07{col 48}{space 3}0.286{col 56}{space 4}-.0006274{col 69}{space 3} .0021045
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 3.974231{col 28}{space 2}  3.88174{col 39}{space 1}    1.02{col 48}{space 3}0.308{col 56}{space 4}-3.716197{col 69}{space 3} 11.66466
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store nonsouth1966pc
{txt}
{com}. 
. suest nonsouth1980pc nonsouth1966pc
{res}
{txt}Simultaneous results for {stata estimates replay nonsouth1980pc:nonsouth1980pc}, {stata estimates replay nonsouth1966pc:nonsouth1966pc}

{col 51}Number of obs{col 67}= {res}       185

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}    Robust
{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      z{col 54}   P>|z|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1980pc_mean  {txt}{c |}
{space 6}realpcincannl2 {c |}{col 22}{res}{space 2} .0054704{col 34}{space 2} .0004372{col 45}{space 1}   12.51{col 54}{space 3}0.000{col 62}{space 4} .0046134{col 75}{space 3} .0063273
{txt}{space 15}_cons {c |}{col 22}{res}{space 2}-20.51114{col 34}{space 2} 2.682627{col 45}{space 1}   -7.65{col 54}{space 3}0.000{col 62}{space 4}-25.76899{col 75}{space 3}-15.25328
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1980pc_lnvar {txt}{c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 5.190255{col 34}{space 2} .1451244{col 45}{space 1}   35.76{col 54}{space 3}0.000{col 62}{space 4} 4.905816{col 75}{space 3} 5.474694
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1966pc_mean  {txt}{c |}
{space 6}realpcincannl2 {c |}{col 22}{res}{space 2} .0007386{col 34}{space 2} .0007459{col 45}{space 1}    0.99{col 54}{space 3}0.322{col 62}{space 4}-.0007233{col 75}{space 3} .0022005
{txt}{space 15}_cons {c |}{col 22}{res}{space 2} 3.974231{col 34}{space 2} 4.052385{col 45}{space 1}    0.98{col 54}{space 3}0.327{col 62}{space 4}-3.968298{col 75}{space 3} 11.91676
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}nonsouth1966pc_lnvar {txt}{c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 3.865312{col 34}{space 2} .1030115{col 45}{space 1}   37.52{col 54}{space 3}0.000{col 62}{space 4} 3.663414{col 75}{space 3} 4.067211
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [nonsouth1980pc_mean]realpcincannl2 = [nonsouth1966pc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[nonsouth1980pc_mean]realpcincannl2 - [nonsouth1966pc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   33.80
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. **** NEW SOUTH POST BREAK POINTS***
. 
. 
. 
. 
. 
. 
. 
. *** Comparing New Southern States Based on PRE  Breakpoints***
. 
. 
. **** INCOME EQUATION***
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  176.07
    {txt}   Model {char |} {res}  518105672     1   518105672           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  538506535   183  2942658.66           {txt}R-squared     = {res} 0.4903
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4876
    {txt}   Total {char |} {res} 1.0566e+09   184  5742457.65           {txt}Root MSE      = {res} 1715.4

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 93.45896{col 29}{space 2}  7.04339{col 40}{space 1}   13.27{col 49}{space 3}0.000{col 57}{space 4} 79.56227{col 70}{space 3} 107.3557
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5909.361{col 29}{space 2} 172.8319{col 40}{space 1}   34.19{col 49}{space 3}0.000{col 57}{space 4} 5568.361{col 70}{space 3}  6250.36
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1980
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     115
{txt}{hline 13}{char +}{hline 30}           F(  1,   113) ={res}    0.36
    {txt}   Model {char |} {res} 389774.234     1  389774.234           {txt}Prob > F      = {res} 0.5515
    {txt}Residual {char |} {res}  123460964   113   1092574.9           {txt}R-squared     = {res} 0.0031
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res}-0.0057
    {txt}   Total {char |} {res}  123850738   114  1086409.98           {txt}Root MSE      = {res} 1045.3

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 9.452958{col 29}{space 2} 15.82657{col 40}{space 1}    0.60{col 49}{space 3}0.552{col 57}{space 4}-21.90233{col 70}{space 3} 40.80825
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5760.542{col 29}{space 2} 149.1895{col 40}{space 1}   38.61{col 49}{space 3}0.000{col 57}{space 4} 5464.971{col 70}{space 3} 6056.114
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1967
{txt}
{com}. 
. suest newsouth1980 newsouth1967
{res}
{txt}Simultaneous results for {stata estimates replay newsouth1980:newsouth1980}, {stata estimates replay newsouth1967:newsouth1967}

{col 51}Number of obs{col 67}= {res}       185

{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 20}{c |}      Coef.{col 32}   Std. Err.{col 44}      z{col 52}   P>|z|{col 60}     [95% Con{col 73}f. Interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 93.45896{col 32}{space 2} 6.408442{col 43}{space 1}   14.58{col 52}{space 3}0.000{col 60}{space 4} 80.89865{col 73}{space 3} 106.0193
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 5909.361{col 32}{space 2} 151.7077{col 43}{space 1}   38.95{col 52}{space 3}0.000{col 60}{space 4} 5612.019{col 73}{space 3} 6206.702
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 14.89482{col 32}{space 2} .0918751{col 43}{space 1}  162.12{col 52}{space 3}0.000{col 60}{space 4} 14.71475{col 73}{space 3}  15.0749
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1967_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 9.452958{col 32}{space 2} 16.86957{col 43}{space 1}    0.56{col 52}{space 3}0.575{col 60}{space 4}-23.61079{col 73}{space 3}  42.5167
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 5760.542{col 32}{space 2} 126.3557{col 43}{space 1}   45.59{col 52}{space 3}0.000{col 60}{space 4}  5512.89{col 73}{space 3} 6008.195
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1967_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 13.90405{col 32}{space 2} .1090755{col 43}{space 1}  127.47{col 52}{space 3}0.000{col 60}{space 4} 13.69026{col 73}{space 3} 14.11783
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newsouth1980_mean]klarnerranneyl2 = [newsouth1967_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newsouth1980_mean]klarnerranneyl2 - [newsouth1967_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   23.00
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  184.96
    {txt}   Model {char |} {res}  442665850     1   442665850           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  354201990   148  2393256.69           {txt}R-squared     = {res} 0.5555
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5525
    {txt}   Total {char |} {res}  796867840   149  5348106.31           {txt}Root MSE      = {res}   1547

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 78.41118{col 29}{space 2} 5.765469{col 40}{space 1}   13.60{col 49}{space 3}0.000{col 57}{space 4} 67.01791{col 70}{space 3} 89.80445
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9836.576{col 29}{space 2} 412.2973{col 40}{space 1}   23.86{col 49}{space 3}0.000{col 57}{space 4} 9021.826{col 70}{space 3} 10651.33
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1980post
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     220
{txt}{hline 13}{char +}{hline 30}           F(  1,   218) ={res}  416.36
    {txt}   Model {char |} {res} 1.3717e+09     1  1.3717e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  718193391   218   3294465.1           {txt}R-squared     = {res} 0.6563
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6548
    {txt}   Total {char |} {res} 2.0899e+09   219  9542750.42           {txt}Root MSE      = {res} 1815.1

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2}  92.9683{col 29}{space 2} 4.556199{col 40}{space 1}   20.40{col 49}{space 3}0.000{col 57}{space 4} 83.98846{col 70}{space 3} 101.9481
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 8307.627{col 29}{space 2} 286.2303{col 40}{space 1}   29.02{col 49}{space 3}0.000{col 57}{space 4} 7743.494{col 70}{space 3}  8871.76
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1967post
{txt}
{com}. 
. suest newsouth1980post newsouth1967post
{res}
{txt}Simultaneous results for {stata estimates replay newsouth1980post:newsouth1980post}, {stata estimates replay newsouth1967post:newsouth1967post}

{col 51}Number of obs{col 67}= {res}       220

{txt}{hline 23}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 24}{c |}{col 36}    Robust
{col 24}{c |}      Coef.{col 36}   Std. Err.{col 48}      z{col 56}   P>|z|{col 64}     [95% Con{col 77}f. Interval]
{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980post_mean  {txt}{c |}
{space 7}klarnerranneyl2 {c |}{col 24}{res}{space 2} 78.41118{col 36}{space 2} 4.456469{col 47}{space 1}   17.59{col 56}{space 3}0.000{col 64}{space 4} 69.67666{col 77}{space 3}  87.1457
{txt}{space 17}_cons {c |}{col 24}{res}{space 2} 9836.576{col 36}{space 2} 290.6119{col 47}{space 1}   33.85{col 56}{space 3}0.000{col 64}{space 4} 9266.987{col 77}{space 3} 10406.16
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980post_lnvar {txt}{c |}
{space 17}_cons {c |}{col 24}{res}{space 2} 14.68817{col 36}{space 2}  .143337{col 47}{space 1}  102.47{col 56}{space 3}0.000{col 64}{space 4} 14.40723{col 77}{space 3}  14.9691
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1967post_mean  {txt}{c |}
{space 7}klarnerranneyl2 {c |}{col 24}{res}{space 2}  92.9683{col 36}{space 2}  3.63657{col 47}{space 1}   25.56{col 56}{space 3}0.000{col 64}{space 4} 85.84075{col 77}{space 3} 100.0958
{txt}{space 17}_cons {c |}{col 24}{res}{space 2} 8307.627{col 36}{space 2} 205.4642{col 47}{space 1}   40.43{col 56}{space 3}0.000{col 64}{space 4} 7904.925{col 77}{space 3}  8710.33
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1967post_lnvar {txt}{c |}
{space 17}_cons {c |}{col 24}{res}{space 2} 15.00775{col 36}{space 2} .1133011{col 47}{space 1}  132.46{col 56}{space 3}0.000{col 64}{space 4} 14.78569{col 77}{space 3} 15.22982
{txt}{hline 23}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newsouth1980post_mean]klarnerranneyl2 = [newsouth1967post_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newsouth1980post_mean]klarnerranneyl2 - [newsouth1967post_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   16.72
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. ********PC Equation**********
. 
. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  160.64
    {txt}   Model {char |} {res} 28837.8629     1  28837.8629           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32851.1211   183  179.514323           {txt}R-squared     = {res} 0.4675
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4646
    {txt}   Total {char |} {res}  61688.984   184  335.266218           {txt}Root MSE      = {res} 13.398

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004316{col 39}{space 1}   12.67{col 48}{space 3}0.000{col 56}{space 4} .0046188{col 69}{space 3} .0063219
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 3.221754{col 39}{space 1}   -6.37{col 48}{space 3}0.000{col 56}{space 4} -26.8677{col 69}{space 3}-14.15458
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1980pc
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     115
{txt}{hline 13}{char +}{hline 30}           F(  1,   113) ={res}    1.15
    {txt}   Model {char |} {res} 54.7594394     1  54.7594394           {txt}Prob > F      = {res} 0.2863
    {txt}Residual {char |} {res} 5392.15401   113  47.7181771           {txt}R-squared     = {res} 0.0101
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0013
    {txt}   Total {char |} {res} 5446.91345   114  47.7799425           {txt}Root MSE      = {res} 6.9078

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0007386{col 28}{space 2} .0006895{col 39}{space 1}    1.07{col 48}{space 3}0.286{col 56}{space 4}-.0006274{col 69}{space 3} .0021045
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 3.974231{col 28}{space 2}  3.88174{col 39}{space 1}    1.02{col 48}{space 3}0.308{col 56}{space 4}-3.716197{col 69}{space 3} 11.66466
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1966pc
{txt}
{com}. 
. suest newsouth1980pc newsouth1966pc
{res}
{txt}Simultaneous results for {stata estimates replay newsouth1980pc:newsouth1980pc}, {stata estimates replay newsouth1966pc:newsouth1966pc}

{col 51}Number of obs{col 67}= {res}       185

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}    Robust
{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      z{col 54}   P>|z|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980pc_mean  {txt}{c |}
{space 6}realpcincannl2 {c |}{col 22}{res}{space 2} .0054704{col 34}{space 2} .0004372{col 45}{space 1}   12.51{col 54}{space 3}0.000{col 62}{space 4} .0046134{col 75}{space 3} .0063273
{txt}{space 15}_cons {c |}{col 22}{res}{space 2}-20.51114{col 34}{space 2} 2.682627{col 45}{space 1}   -7.65{col 54}{space 3}0.000{col 62}{space 4}-25.76899{col 75}{space 3}-15.25328
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980pc_lnvar {txt}{c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 5.190255{col 34}{space 2} .1451244{col 45}{space 1}   35.76{col 54}{space 3}0.000{col 62}{space 4} 4.905816{col 75}{space 3} 5.474694
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1966pc_mean  {txt}{c |}
{space 6}realpcincannl2 {c |}{col 22}{res}{space 2} .0007386{col 34}{space 2} .0007459{col 45}{space 1}    0.99{col 54}{space 3}0.322{col 62}{space 4}-.0007233{col 75}{space 3} .0022005
{txt}{space 15}_cons {c |}{col 22}{res}{space 2} 3.974231{col 34}{space 2} 4.052385{col 45}{space 1}    0.98{col 54}{space 3}0.327{col 62}{space 4}-3.968298{col 75}{space 3} 11.91676
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1966pc_lnvar {txt}{c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 3.865312{col 34}{space 2} .1030115{col 45}{space 1}   37.52{col 54}{space 3}0.000{col 62}{space 4} 3.663414{col 75}{space 3} 4.067211
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newsouth1980pc_mean]realpcincannl2 = [newsouth1966pc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newsouth1980pc_mean]realpcincannl2 - [newsouth1966pc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   33.80
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  124.04
    {txt}   Model {char |} {res} 27203.1537     1  27203.1537           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32458.3106   148  219.312909           {txt}R-squared     = {res} 0.4560
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4523
    {txt}   Total {char |} {res} 59661.4643   149  400.412512           {txt}Root MSE      = {res} 14.809

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0056401{col 28}{space 2} .0005064{col 39}{space 1}   11.14{col 48}{space 3}0.000{col 56}{space 4} .0046394{col 69}{space 3} .0066409
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-12.17094{col 28}{space 2} 7.579766{col 39}{space 1}   -1.61{col 48}{space 3}0.110{col 56}{space 4}-27.14948{col 69}{space 3} 2.807609
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1980pc
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     220
{txt}{hline 13}{char +}{hline 30}           F(  1,   218) ={res}  323.86
    {txt}   Model {char |} {res} 86769.7249     1  86769.7249           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 58408.1415   218  267.927255           {txt}R-squared     = {res} 0.5977
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5958
    {txt}   Total {char |} {res} 145177.866   219  662.912632           {txt}Root MSE      = {res} 16.368

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0062358{col 28}{space 2} .0003465{col 39}{space 1}   18.00{col 48}{space 3}0.000{col 56}{space 4} .0055529{col 69}{space 3} .0069187
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-22.24529{col 28}{space 2} 4.687863{col 39}{space 1}   -4.75{col 48}{space 3}0.000{col 56}{space 4}-31.48462{col 69}{space 3}-13.00595
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouth1966pc
{txt}
{com}. 
. suest newsouth1980pc newsouth1966pc
{res}
{txt}Simultaneous results for {stata estimates replay newsouth1980pc:newsouth1980pc}, {stata estimates replay newsouth1966pc:newsouth1966pc}

{col 51}Number of obs{col 67}= {res}       220

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}    Robust
{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      z{col 54}   P>|z|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980pc_mean  {txt}{c |}
{space 6}realpcincannl2 {c |}{col 22}{res}{space 2} .0056401{col 34}{space 2} .0005196{col 45}{space 1}   10.85{col 54}{space 3}0.000{col 62}{space 4} .0046217{col 75}{space 3} .0066586
{txt}{space 15}_cons {c |}{col 22}{res}{space 2}-12.17094{col 34}{space 2} 7.795581{col 45}{space 1}   -1.56{col 54}{space 3}0.118{col 62}{space 4}   -27.45{col 75}{space 3} 3.108121
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1980pc_lnvar {txt}{c |}
{space 15}_cons {c |}{col 22}{res}{space 2}   5.3905{col 34}{space 2} .0924327{col 45}{space 1}   58.32{col 54}{space 3}0.000{col 62}{space 4} 5.209335{col 75}{space 3} 5.571664
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1966pc_mean  {txt}{c |}
{space 6}realpcincannl2 {c |}{col 22}{res}{space 2} .0062358{col 34}{space 2} .0003722{col 45}{space 1}   16.75{col 54}{space 3}0.000{col 62}{space 4} .0055062{col 75}{space 3} .0069654
{txt}{space 15}_cons {c |}{col 22}{res}{space 2}-22.24529{col 34}{space 2} 5.193199{col 45}{space 1}   -4.28{col 54}{space 3}0.000{col 62}{space 4}-32.42377{col 75}{space 3}-12.06681
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouth1966pc_lnvar {txt}{c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 5.590716{col 34}{space 2} .0825457{col 45}{space 1}   67.73{col 54}{space 3}0.000{col 62}{space 4} 5.428929{col 75}{space 3} 5.752502
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newsouth1980pc_mean]realpcincannl2 = [newsouth1966pc_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newsouth1980pc_mean]realpcincannl2 - [newsouth1966pc_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    1.75
{txt}{col 10}Prob > chi2 =  {res}  0.1859
{txt}
{com}. 
. 
. 
. 
. 
. *** Comparing Old Southern States Based on Breakpoints***
. 
. **** Economic Development****
. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   25.72
    {txt}   Model {char |} {res}  112107873     1   112107873           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.4427e+09   331  4358760.52           {txt}R-squared     = {res} 0.0721
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0693
    {txt}   Total {char |} {res} 1.5549e+09   332  4683306.04           {txt}Root MSE      = {res} 2087.8

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 22.05602{col 29}{space 2} 4.349012{col 40}{space 1}    5.07{col 49}{space 3}0.000{col 57}{space 4} 13.50083{col 70}{space 3} 30.61121
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5883.817{col 29}{space 2} 153.0412{col 40}{space 1}   38.45{col 49}{space 3}0.000{col 57}{space 4} 5582.761{col 70}{space 3} 6184.873
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1980
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     207
{txt}{hline 13}{char +}{hline 30}           F(  1,   205) ={res}   10.78
    {txt}   Model {char |} {res}   10130904     1    10130904           {txt}Prob > F      = {res} 0.0012
    {txt}Residual {char |} {res}  192606172   205    939542.3           {txt}R-squared     = {res} 0.0500
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0453
    {txt}   Total {char |} {res}  202737076   206  984160.561           {txt}Root MSE      = {res}  969.3

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 9.043094{col 29}{space 2} 2.753919{col 40}{space 1}    3.28{col 49}{space 3}0.001{col 57}{space 4} 3.613458{col 70}{space 3} 14.47273
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 4748.181{col 29}{space 2}   86.856{col 40}{space 1}   54.67{col 49}{space 3}0.000{col 57}{space 4} 4576.935{col 70}{space 3} 4919.427
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1967
{txt}
{com}. 
. suest oldsouth1980 oldsouth1967
{res}
{txt}Simultaneous results for {stata estimates replay oldsouth1980:oldsouth1980}, {stata estimates replay oldsouth1967:oldsouth1967}

{col 51}Number of obs{col 67}= {res}       333

{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 20}{c |}      Coef.{col 32}   Std. Err.{col 44}      z{col 52}   P>|z|{col 60}     [95% Con{col 73}f. Interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 22.05602{col 32}{space 2} 4.424026{col 43}{space 1}    4.99{col 52}{space 3}0.000{col 60}{space 4} 13.38509{col 73}{space 3} 30.72695
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 5883.817{col 32}{space 2} 145.5054{col 43}{space 1}   40.44{col 52}{space 3}0.000{col 60}{space 4} 5598.631{col 73}{space 3} 6169.002
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2}  15.2877{col 32}{space 2} .0560454{col 43}{space 1}  272.77{col 52}{space 3}0.000{col 60}{space 4} 15.17785{col 73}{space 3} 15.39755
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967_mean  {txt}{c |}
{space 3}klarnerranneyl2 {c |}{col 20}{res}{space 2} 9.043094{col 32}{space 2} 2.826181{col 43}{space 1}    3.20{col 52}{space 3}0.001{col 60}{space 4} 3.503882{col 73}{space 3} 14.58231
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 4748.181{col 32}{space 2} 86.13373{col 43}{space 1}   55.13{col 52}{space 3}0.000{col 60}{space 4} 4579.362{col 73}{space 3}     4917
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 13.75315{col 32}{space 2} .0851084{col 43}{space 1}  161.60{col 52}{space 3}0.000{col 60}{space 4} 13.58634{col 73}{space 3} 13.91996
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldsouth1980_mean]klarnerranneyl2 = [oldsouth1967_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldsouth1980_mean]klarnerranneyl2 - [oldsouth1967_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   12.21
{txt}{col 10}Prob > chi2 =  {res}  0.0005
{txt}
{com}. 
. 
. 
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  441.42
    {txt}   Model {char |} {res}  663099859     1   663099859           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  402592526   268  1502210.92           {txt}R-squared     = {res} 0.6222
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6208
    {txt}   Total {char |} {res} 1.0657e+09   269  3961681.73           {txt}Root MSE      = {res} 1225.6

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 60.22847{col 29}{space 2} 2.866671{col 40}{space 1}   21.01{col 49}{space 3}0.000{col 57}{space 4} 54.58441{col 70}{space 3} 65.87253
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9447.034{col 29}{space 2} 175.1345{col 40}{space 1}   53.94{col 49}{space 3}0.000{col 57}{space 4}  9102.22{col 70}{space 3} 9791.849
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1980post
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     396
{txt}{hline 13}{char +}{hline 30}           F(  1,   394) ={res}  401.26
    {txt}   Model {char |} {res} 1.3023e+09     1  1.3023e+09           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.2787e+09   394  3245485.05           {txt}R-squared     = {res} 0.5046
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5033
    {txt}   Total {char |} {res} 2.5810e+09   395  6534218.33           {txt}Root MSE      = {res} 1801.5

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 61.72629{col 29}{space 2} 3.081451{col 40}{space 1}   20.03{col 49}{space 3}0.000{col 57}{space 4} 55.66815{col 70}{space 3} 67.78443
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 8618.958{col 29}{space 2} 170.6293{col 40}{space 1}   50.51{col 49}{space 3}0.000{col 57}{space 4}   8283.5{col 70}{space 3} 8954.416
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1967post
{txt}
{com}. 
. suest oldsouth1980post oldsouth1967post
{res}
{txt}Simultaneous results for {stata estimates replay oldsouth1980post:oldsouth1980post}, {stata estimates replay oldsouth1967post:oldsouth1967post}

{col 51}Number of obs{col 67}= {res}       396

{txt}{hline 23}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 24}{c |}{col 36}    Robust
{col 24}{c |}      Coef.{col 36}   Std. Err.{col 48}      z{col 56}   P>|z|{col 64}     [95% Con{col 77}f. Interval]
{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980post_mean  {txt}{c |}
{space 7}klarnerranneyl2 {c |}{col 24}{res}{space 2} 60.22847{col 36}{space 2} 2.460996{col 47}{space 1}   24.47{col 56}{space 3}0.000{col 64}{space 4} 55.40501{col 77}{space 3} 65.05194
{txt}{space 17}_cons {c |}{col 24}{res}{space 2} 9447.034{col 36}{space 2} 136.6878{col 47}{space 1}   69.11{col 56}{space 3}0.000{col 64}{space 4} 9179.131{col 77}{space 3} 9714.937
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980post_lnvar {txt}{c |}
{space 17}_cons {c |}{col 24}{res}{space 2} 14.22245{col 36}{space 2} .1029987{col 47}{space 1}  138.08{col 56}{space 3}0.000{col 64}{space 4} 14.02057{col 77}{space 3} 14.42432
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967post_mean  {txt}{c |}
{space 7}klarnerranneyl2 {c |}{col 24}{res}{space 2} 61.72629{col 36}{space 2} 2.942491{col 47}{space 1}   20.98{col 56}{space 3}0.000{col 64}{space 4} 55.95911{col 77}{space 3} 67.49346
{txt}{space 17}_cons {c |}{col 24}{res}{space 2} 8618.958{col 36}{space 2} 125.8211{col 47}{space 1}   68.50{col 56}{space 3}0.000{col 64}{space 4} 8372.353{col 77}{space 3} 8865.563
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967post_lnvar {txt}{c |}
{space 17}_cons {c |}{col 24}{res}{space 2} 14.99278{col 36}{space 2} .0841679{col 47}{space 1}  178.13{col 56}{space 3}0.000{col 64}{space 4} 14.82781{col 77}{space 3} 15.15774
{txt}{hline 23}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldsouth1980post_mean]klarnerranneyl2 = [oldsouth1967post_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldsouth1980post_mean]klarnerranneyl2 - [oldsouth1967post_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    0.30
{txt}{col 10}Prob > chi2 =  {res}  0.5843
{txt}
{com}. 
. 
. **** PC ****
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   27.34
    {txt}   Model {char |} {res} 17667.0079     1  17667.0079           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 213922.705   331  646.292161           {txt}R-squared     = {res} 0.0763
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0735
    {txt}   Total {char |} {res} 231589.713   332  697.559377           {txt}Root MSE      = {res} 25.422

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0035304{col 28}{space 2} .0006752{col 39}{space 1}    5.23{col 48}{space 3}0.000{col 56}{space 4} .0022021{col 69}{space 3} .0048586
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 2.642314{col 28}{space 2} 4.319738{col 39}{space 1}    0.61{col 48}{space 3}0.541{col 56}{space 4}-5.855287{col 69}{space 3} 11.13992
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1980
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year<1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     207
{txt}{hline 13}{char +}{hline 30}           F(  1,   205) ={res}   15.78
    {txt}   Model {char |} {res} 8901.74303     1  8901.74303           {txt}Prob > F      = {res} 0.0001
    {txt}Residual {char |} {res} 115665.469   205  564.221802           {txt}R-squared     = {res} 0.0715
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0669
    {txt}   Total {char |} {res} 124567.213   206  604.695206           {txt}Root MSE      = {res} 23.753

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0073548{col 28}{space 2} .0018516{col 39}{space 1}    3.97{col 48}{space 3}0.000{col 56}{space 4} .0037041{col 69}{space 3} .0110055
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-14.09682{col 28}{space 2} 8.794927{col 39}{space 1}   -1.60{col 48}{space 3}0.111{col 56}{space 4}-31.43693{col 69}{space 3} 3.243286
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1967
{txt}
{com}. 
. suest oldsouth1980 oldsouth1967
{res}
{txt}Simultaneous results for {stata estimates replay oldsouth1980:oldsouth1980}, {stata estimates replay oldsouth1967:oldsouth1967}

{col 51}Number of obs{col 67}= {res}       333

{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 20}{c |}      Coef.{col 32}   Std. Err.{col 44}      z{col 52}   P>|z|{col 60}     [95% Con{col 73}f. Interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980_mean  {txt}{c |}
{space 4}realpcincannl2 {c |}{col 20}{res}{space 2} .0035304{col 32}{space 2} .0006523{col 43}{space 1}    5.41{col 52}{space 3}0.000{col 60}{space 4} .0022519{col 73}{space 3} .0048088
{txt}{space 13}_cons {c |}{col 20}{res}{space 2} 2.642314{col 32}{space 2} 4.068552{col 43}{space 1}    0.65{col 52}{space 3}0.516{col 60}{space 4}-5.331902{col 73}{space 3} 10.61653
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 6.471252{col 32}{space 2} .0681536{col 43}{space 1}   94.95{col 52}{space 3}0.000{col 60}{space 4} 6.337673{col 73}{space 3}  6.60483
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967_mean  {txt}{c |}
{space 4}realpcincannl2 {c |}{col 20}{res}{space 2} .0073548{col 32}{space 2} .0015807{col 43}{space 1}    4.65{col 52}{space 3}0.000{col 60}{space 4} .0042566{col 73}{space 3} .0104529
{txt}{space 13}_cons {c |}{col 20}{res}{space 2}-14.09682{col 32}{space 2} 7.567758{col 43}{space 1}   -1.86{col 52}{space 3}0.062{col 60}{space 4}-28.92936{col 73}{space 3}  .735711
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967_lnvar {txt}{c |}
{space 13}_cons {c |}{col 20}{res}{space 2} 6.335447{col 32}{space 2} .1021256{col 43}{space 1}   62.04{col 52}{space 3}0.000{col 60}{space 4} 6.135285{col 73}{space 3}  6.53561
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldsouth1980_mean]realpcincannl2 = [oldsouth1967_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldsouth1980_mean]realpcincannl2 - [oldsouth1967_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    6.31
{txt}{col 10}Prob > chi2 =  {res}  0.0120
{txt}
{com}. 
. 
. 
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  415.34
    {txt}   Model {char |} {res}  104640.17     1   104640.17           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 67518.8721   268   251.93609           {txt}R-squared     = {res} 0.6078
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6063
    {txt}   Total {char |} {res} 172159.042   269  639.996439           {txt}Root MSE      = {res} 15.872

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2}  .009941{col 28}{space 2} .0004878{col 39}{space 1}   20.38{col 48}{space 3}0.000{col 56}{space 4} .0089806{col 69}{space 3} .0109014
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-64.90738{col 28}{space 2} 6.136119{col 39}{space 1}  -10.58{col 48}{space 3}0.000{col 56}{space 4}-76.98851{col 69}{space 3}-52.82625
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1980post
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1967

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     396
{txt}{hline 13}{char +}{hline 30}           F(  1,   394) ={res}  392.73
    {txt}   Model {char |} {res}  169797.24     1   169797.24           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 170344.457   394  432.346338           {txt}R-squared     = {res} 0.4992
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4979
    {txt}   Total {char |} {res} 340141.697   395  861.118221           {txt}Root MSE      = {res} 20.793

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0079497{col 28}{space 2} .0004011{col 39}{space 1}   19.82{col 48}{space 3}0.000{col 56}{space 4}  .007161{col 69}{space 3} .0087383
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-38.85124{col 28}{space 2} 4.582871{col 39}{space 1}   -8.48{col 48}{space 3}0.000{col 56}{space 4}-47.86118{col 69}{space 3} -29.8413
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouth1967post
{txt}
{com}. 
. suest oldsouth1980post oldsouth1967post
{res}
{txt}Simultaneous results for {stata estimates replay oldsouth1980post:oldsouth1980post}, {stata estimates replay oldsouth1967post:oldsouth1967post}

{col 51}Number of obs{col 67}= {res}       396

{txt}{hline 23}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 24}{c |}{col 36}    Robust
{col 24}{c |}      Coef.{col 36}   Std. Err.{col 48}      z{col 56}   P>|z|{col 64}     [95% Con{col 77}f. Interval]
{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980post_mean  {txt}{c |}
{space 8}realpcincannl2 {c |}{col 24}{res}{space 2}  .009941{col 36}{space 2} .0004844{col 47}{space 1}   20.52{col 56}{space 3}0.000{col 64}{space 4} .0089917{col 77}{space 3} .0108903
{txt}{space 17}_cons {c |}{col 24}{res}{space 2}-64.90738{col 36}{space 2} 6.181529{col 47}{space 1}  -10.50{col 56}{space 3}0.000{col 64}{space 4}-77.02296{col 77}{space 3}-52.79181
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1980post_lnvar {txt}{c |}
{space 17}_cons {c |}{col 24}{res}{space 2} 5.529175{col 36}{space 2} .0843768{col 47}{space 1}   65.53{col 56}{space 3}0.000{col 64}{space 4}   5.3638{col 77}{space 3} 5.694551
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967post_mean  {txt}{c |}
{space 8}realpcincannl2 {c |}{col 24}{res}{space 2} .0079497{col 36}{space 2} .0004157{col 47}{space 1}   19.12{col 56}{space 3}0.000{col 64}{space 4}  .007135{col 77}{space 3} .0087644
{txt}{space 17}_cons {c |}{col 24}{res}{space 2}-38.85124{col 36}{space 2} 5.217276{col 47}{space 1}   -7.45{col 56}{space 3}0.000{col 64}{space 4}-49.07692{col 77}{space 3}-28.62557
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouth1967post_lnvar {txt}{c |}
{space 17}_cons {c |}{col 24}{res}{space 2} 6.069227{col 36}{space 2} .0802535{col 47}{space 1}   75.63{col 56}{space 3}0.000{col 64}{space 4} 5.911933{col 77}{space 3} 6.226521
{txt}{hline 23}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldsouth1980post_mean]realpcincannl2 = [oldsouth1967post_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldsouth1980post_mean]realpcincannl2 - [oldsouth1967post_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   15.79
{txt}{col 10}Prob > chi2 =  {res}  0.0001
{txt}
{com}. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. ***Comparing Old South to New South pre 1980 ***
. 
. ***************************************************
. ****************INCOME EQUATION********************
. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   25.72
    {txt}   Model {char |} {res}  112107873     1   112107873           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 1.4427e+09   331  4358760.52           {txt}R-squared     = {res} 0.0721
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0693
    {txt}   Total {char |} {res} 1.5549e+09   332  4683306.04           {txt}Root MSE      = {res} 2087.8

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 22.05602{col 29}{space 2} 4.349012{col 40}{space 1}    5.07{col 49}{space 3}0.000{col 57}{space 4} 13.50083{col 70}{space 3} 30.61121
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5883.817{col 29}{space 2} 153.0412{col 40}{space 1}   38.45{col 49}{space 3}0.000{col 57}{space 4} 5582.761{col 70}{space 3} 6184.873
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldsouthpre
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  176.07
    {txt}   Model {char |} {res}  518105672     1   518105672           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  538506535   183  2942658.66           {txt}R-squared     = {res} 0.4903
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4876
    {txt}   Total {char |} {res} 1.0566e+09   184  5742457.65           {txt}Root MSE      = {res} 1715.4

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 93.45896{col 29}{space 2}  7.04339{col 40}{space 1}   13.27{col 49}{space 3}0.000{col 57}{space 4} 79.56227{col 70}{space 3} 107.3557
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 5909.361{col 29}{space 2} 172.8319{col 40}{space 1}   34.19{col 49}{space 3}0.000{col 57}{space 4} 5568.361{col 70}{space 3}  6250.36
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newsouthpre
{txt}
{com}. 
. suest oldsouthpre newsouthpre
{res}
{txt}Simultaneous results for {stata estimates replay oldsouthpre:oldsouthpre}, {stata estimates replay newsouthpre:newsouthpre}

{col 51}Number of obs{col 67}= {res}       518

{txt}{hline 18}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 19}{c |}{col 31}    Robust
{col 19}{c |}      Coef.{col 31}   Std. Err.{col 43}      z{col 51}   P>|z|{col 59}     [95% Con{col 72}f. Interval]
{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouthpre_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 22.05602{col 31}{space 2} 4.421649{col 42}{space 1}    4.99{col 51}{space 3}0.000{col 59}{space 4} 13.38975{col 72}{space 3} 30.72229
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 5883.817{col 31}{space 2} 145.4272{col 42}{space 1}   40.46{col 51}{space 3}0.000{col 59}{space 4} 5598.785{col 72}{space 3} 6168.849
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldsouthpre_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2}  15.2877{col 31}{space 2} .0560152{col 42}{space 1}  272.92{col 51}{space 3}0.000{col 59}{space 4} 15.17791{col 72}{space 3} 15.39749
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouthpre_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 93.45896{col 31}{space 2} 6.397277{col 42}{space 1}   14.61{col 51}{space 3}0.000{col 59}{space 4} 80.92053{col 72}{space 3} 105.9974
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 5909.361{col 31}{space 2} 151.4434{col 42}{space 1}   39.02{col 51}{space 3}0.000{col 59}{space 4} 5612.537{col 72}{space 3} 6206.184
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newsouthpre_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 14.89482{col 31}{space 2}  .091715{col 42}{space 1}  162.40{col 51}{space 3}0.000{col 59}{space 4} 14.71507{col 72}{space 3} 15.07458
{txt}{hline 18}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldsouthpre_mean]klarnerranneyl2 = [newsouthpre_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldsouthpre_mean]klarnerranneyl2 - [newsouthpre_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   84.30
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. **********************************************************
. ******************PC EQUATION*****************************
. 
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     333
{txt}{hline 13}{char +}{hline 30}           F(  1,   331) ={res}   27.34
    {txt}   Model {char |} {res} 17667.0079     1  17667.0079           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 213922.705   331  646.292161           {txt}R-squared     = {res} 0.0763
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.0735
    {txt}   Total {char |} {res} 231589.713   332  697.559377           {txt}Root MSE      = {res} 25.422

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0035304{col 28}{space 2} .0006752{col 39}{space 1}    5.23{col 48}{space 3}0.000{col 56}{space 4} .0022021{col 69}{space 3} .0048586
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 2.642314{col 28}{space 2} 4.319738{col 39}{space 1}    0.61{col 48}{space 3}0.541{col 56}{space 4}-5.855287{col 69}{space 3} 11.13992
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpcpre
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year<1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     185
{txt}{hline 13}{char +}{hline 30}           F(  1,   183) ={res}  160.64
    {txt}   Model {char |} {res} 28837.8629     1  28837.8629           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32851.1211   183  179.514323           {txt}R-squared     = {res} 0.4675
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4646
    {txt}   Total {char |} {res}  61688.984   184  335.266218           {txt}Root MSE      = {res} 13.398

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004316{col 39}{space 1}   12.67{col 48}{space 3}0.000{col 56}{space 4} .0046188{col 69}{space 3} .0063219
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 3.221754{col 39}{space 1}   -6.37{col 48}{space 3}0.000{col 56}{space 4} -26.8677{col 69}{space 3}-14.15458
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpcpre
{txt}
{com}. 
. suest oldpcpre newpcpre
{res}
{txt}Simultaneous results for {stata estimates replay oldpcpre:oldpcpre}, {stata estimates replay newpcpre:newpcpre}

{col 51}Number of obs{col 67}= {res}       518

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      z{col 48}   P>|z|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpre_mean  {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0035304{col 28}{space 2} .0006519{col 39}{space 1}    5.42{col 48}{space 3}0.000{col 56}{space 4} .0022526{col 69}{space 3} .0048081
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 2.642314{col 28}{space 2} 4.066366{col 39}{space 1}    0.65{col 48}{space 3}0.516{col 56}{space 4}-5.327616{col 69}{space 3} 10.61224
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpre_lnvar {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 6.471252{col 28}{space 2}  .068117{col 39}{space 1}   95.00{col 48}{space 3}0.000{col 56}{space 4} 6.337745{col 69}{space 3} 6.604758
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpre_mean  {txt}{c |}
realpcincannl2 {c |}{col 16}{res}{space 2} .0054704{col 28}{space 2} .0004365{col 39}{space 1}   12.53{col 48}{space 3}0.000{col 56}{space 4} .0046149{col 69}{space 3} .0063258
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-20.51114{col 28}{space 2} 2.677953{col 39}{space 1}   -7.66{col 48}{space 3}0.000{col 56}{space 4}-25.75983{col 69}{space 3}-15.26245
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpre_lnvar {txt}{c |}
{space 9}_cons {c |}{col 16}{res}{space 2} 5.190255{col 28}{space 2} .1448715{col 39}{space 1}   35.83{col 48}{space 3}0.000{col 56}{space 4} 4.906312{col 69}{space 3} 5.474198
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldpcpre_mean]realpcincannl2 = [newpcpre_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldpcpre_mean]realpcincannl2 - [newpcpre_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}    6.11
{txt}{col 10}Prob > chi2 =  {res}  0.0134
{txt}
{com}. 
. 
. *** Comparing New South to Old South, post 1980 ***
. 
. ***************************************************
. ****************INCOME EQUATION********************
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  184.96
    {txt}   Model {char |} {res}  442665850     1   442665850           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  354201990   148  2393256.69           {txt}R-squared     = {res} 0.5555
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5525
    {txt}   Total {char |} {res}  796867840   149  5348106.31           {txt}Root MSE      = {res}   1547

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 78.41118{col 29}{space 2} 5.765469{col 40}{space 1}   13.60{col 49}{space 3}0.000{col 57}{space 4} 67.01791{col 70}{space 3} 89.80445
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9836.576{col 29}{space 2} 412.2973{col 40}{space 1}   23.86{col 49}{space 3}0.000{col 57}{space 4} 9021.826{col 70}{space 3} 10651.33
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  441.42
    {txt}   Model {char |} {res}  663099859     1   663099859           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  402592526   268  1502210.92           {txt}R-squared     = {res} 0.6222
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6208
    {txt}   Total {char |} {res} 1.0657e+09   269  3961681.73           {txt}Root MSE      = {res} 1225.6

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 60.22847{col 29}{space 2} 2.866671{col 40}{space 1}   21.01{col 49}{space 3}0.000{col 57}{space 4} 54.58441{col 70}{space 3} 65.87253
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9447.034{col 29}{space 2} 175.1345{col 40}{space 1}   53.94{col 49}{space 3}0.000{col 57}{space 4}  9102.22{col 70}{space 3} 9791.849
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  415.34
    {txt}   Model {char |} {res}  104640.17     1   104640.17           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 67518.8721   268   251.93609           {txt}R-squared     = {res} 0.6078
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6063
    {txt}   Total {char |} {res} 172159.042   269  639.996439           {txt}Root MSE      = {res} 15.872

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2}  .009941{col 28}{space 2} .0004878{col 39}{space 1}   20.38{col 48}{space 3}0.000{col 56}{space 4} .0089806{col 69}{space 3} .0109014
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-64.90738{col 28}{space 2} 6.136119{col 39}{space 1}  -10.58{col 48}{space 3}0.000{col 56}{space 4}-76.98851{col 69}{space 3}-52.82625
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  124.04
    {txt}   Model {char |} {res} 27203.1537     1  27203.1537           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32458.3106   148  219.312909           {txt}R-squared     = {res} 0.4560
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4523
    {txt}   Total {char |} {res} 59661.4643   149  400.412512           {txt}Root MSE      = {res} 14.809

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0056401{col 28}{space 2} .0005064{col 39}{space 1}   11.14{col 48}{space 3}0.000{col 56}{space 4} .0046394{col 69}{space 3} .0066409
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-12.17094{col 28}{space 2} 7.579766{col 39}{space 1}   -1.61{col 48}{space 3}0.110{col 56}{space 4}-27.14948{col 69}{space 3} 2.807609
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. 
. 
. reg real_pc_inc_ann klarnerranneyl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  184.96
    {txt}   Model {char |} {res}  442665850     1   442665850           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  354201990   148  2393256.69           {txt}R-squared     = {res} 0.5555
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.5525
    {txt}   Total {char |} {res}  796867840   149  5348106.31           {txt}Root MSE      = {res}   1547

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 78.41118{col 29}{space 2} 5.765469{col 40}{space 1}   13.60{col 49}{space 3}0.000{col 57}{space 4} 67.01791{col 70}{space 3} 89.80445
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9836.576{col 29}{space 2} 412.2973{col 40}{space 1}   23.86{col 49}{space 3}0.000{col 57}{space 4} 9021.826{col 70}{space 3} 10651.33
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newrincpost
{txt}
{com}. 
. reg real_pc_inc_ann klarnerranneyl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  441.42
    {txt}   Model {char |} {res}  663099859     1   663099859           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res}  402592526   268  1502210.92           {txt}R-squared     = {res} 0.6222
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6208
    {txt}   Total {char |} {res} 1.0657e+09   269  3961681.73           {txt}Root MSE      = {res} 1225.6

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}real_pc_inc_ann{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
klarnerranneyl2 {c |}{col 17}{res}{space 2} 60.22847{col 29}{space 2} 2.866671{col 40}{space 1}   21.01{col 49}{space 3}0.000{col 57}{space 4} 54.58441{col 70}{space 3} 65.87253
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 9447.034{col 29}{space 2} 175.1345{col 40}{space 1}   53.94{col 49}{space 3}0.000{col 57}{space 4}  9102.22{col 70}{space 3} 9791.849
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldrincpost
{txt}
{com}. 
. suest newrincpost oldrincpost
{res}
{txt}Simultaneous results for {stata estimates replay newrincpost:newrincpost}, {stata estimates replay oldrincpost:oldrincpost}

{col 51}Number of obs{col 67}= {res}       420

{txt}{hline 18}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 19}{c |}{col 31}    Robust
{col 19}{c |}      Coef.{col 31}   Std. Err.{col 43}      z{col 51}   P>|z|{col 59}     [95% Con{col 72}f. Interval]
{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newrincpost_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 78.41118{col 31}{space 2} 4.451631{col 42}{space 1}   17.61{col 51}{space 3}0.000{col 59}{space 4} 69.68614{col 72}{space 3} 87.13622
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 9836.576{col 31}{space 2} 290.2965{col 42}{space 1}   33.88{col 51}{space 3}0.000{col 59}{space 4} 9267.605{col 72}{space 3} 10405.55
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newrincpost_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 14.68817{col 31}{space 2} .1431814{col 42}{space 1}  102.58{col 51}{space 3}0.000{col 59}{space 4} 14.40754{col 72}{space 3}  14.9688
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldrincpost_mean  {txt}{c |}
{space 2}klarnerranneyl2 {c |}{col 19}{res}{space 2} 60.22847{col 31}{space 2} 2.460818{col 42}{space 1}   24.47{col 51}{space 3}0.000{col 59}{space 4} 55.40536{col 72}{space 3} 65.05159
{txt}{space 12}_cons {c |}{col 19}{res}{space 2} 9447.034{col 31}{space 2} 136.6779{col 42}{space 1}   69.12{col 51}{space 3}0.000{col 59}{space 4}  9179.15{col 72}{space 3} 9714.918
{txt}{hline 18}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldrincpost_lnvar {txt}{c |}
{space 12}_cons {c |}{col 19}{res}{space 2} 14.22245{col 31}{space 2} .1029912{col 42}{space 1}  138.09{col 51}{space 3}0.000{col 59}{space 4} 14.02059{col 72}{space 3} 14.42431
{txt}{hline 18}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [newrincpost_mean]klarnerranneyl2 = [oldrincpost_mean]klarnerranneyl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[newrincpost_mean]klarnerranneyl2 - [oldrincpost_mean]klarnerranneyl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   12.78
{txt}{col 10}Prob > chi2 =  {res}  0.0004
{txt}
{com}. 
. 
. **********************************************************
. ******************PC EQUATION*****************************
. 
. 
. 
. reg klarnerranney realpcincannl2 if oldsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     270
{txt}{hline 13}{char +}{hline 30}           F(  1,   268) ={res}  415.34
    {txt}   Model {char |} {res}  104640.17     1   104640.17           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 67518.8721   268   251.93609           {txt}R-squared     = {res} 0.6078
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.6063
    {txt}   Total {char |} {res} 172159.042   269  639.996439           {txt}Root MSE      = {res} 15.872

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2}  .009941{col 28}{space 2} .0004878{col 39}{space 1}   20.38{col 48}{space 3}0.000{col 56}{space 4} .0089806{col 69}{space 3} .0109014
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-64.90738{col 28}{space 2} 6.136119{col 39}{space 1}  -10.58{col 48}{space 3}0.000{col 56}{space 4}-76.98851{col 69}{space 3}-52.82625
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store oldpcpost
{txt}
{com}. 
. reg klarnerranney realpcincannl2 if newsouth==1 & year>=1981

      {txt}Source {c |}       SS       df       MS              Number of obs ={res}     150
{txt}{hline 13}{char +}{hline 30}           F(  1,   148) ={res}  124.04
    {txt}   Model {char |} {res} 27203.1537     1  27203.1537           {txt}Prob > F      = {res} 0.0000
    {txt}Residual {char |} {res} 32458.3106   148  219.312909           {txt}R-squared     = {res} 0.4560
{txt}{hline 13}{char +}{hline 30}           Adj R-squared = {res} 0.4523
    {txt}   Total {char |} {res} 59661.4643   149  400.412512           {txt}Root MSE      = {res} 14.809

{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} klarnerranney{col 16}{c |}      Coef.{col 28}   Std. Err.{col 40}      t{col 48}   P>|t|{col 56}     [95% Con{col 69}f. Interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
realpcincannl2 {c |}{col 16}{res}{space 2} .0056401{col 28}{space 2} .0005064{col 39}{space 1}   11.14{col 48}{space 3}0.000{col 56}{space 4} .0046394{col 69}{space 3} .0066409
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-12.17094{col 28}{space 2} 7.579766{col 39}{space 1}   -1.61{col 48}{space 3}0.110{col 56}{space 4}-27.14948{col 69}{space 3} 2.807609
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. 
. estimates store newpcpost
{txt}
{com}. 
. suest oldpcpost newpcpost
{res}
{txt}Simultaneous results for {stata estimates replay oldpcpost:oldpcpost}, {stata estimates replay newpcpost:newpcpost}

{col 51}Number of obs{col 67}= {res}       420

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}    Robust
{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpost_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2}  .009941{col 29}{space 2} .0004843{col 40}{space 1}   20.53{col 49}{space 3}0.000{col 57}{space 4} .0089917{col 70}{space 3} .0108902
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-64.90738{col 29}{space 2} 6.181082{col 40}{space 1}  -10.50{col 49}{space 3}0.000{col 57}{space 4}-77.02208{col 70}{space 3}-52.79269
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}oldpcpost_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 5.529175{col 29}{space 2} .0843707{col 40}{space 1}   65.53{col 49}{space 3}0.000{col 57}{space 4} 5.363812{col 70}{space 3} 5.694539
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpost_mean  {txt}{c |}
{space 1}realpcincannl2 {c |}{col 17}{res}{space 2} .0056401{col 29}{space 2} .0005191{col 40}{space 1}   10.87{col 49}{space 3}0.000{col 57}{space 4} .0046228{col 70}{space 3} .0066575
{txt}{space 10}_cons {c |}{col 17}{res}{space 2}-12.17094{col 29}{space 2}  7.78712{col 40}{space 1}   -1.56{col 49}{space 3}0.118{col 57}{space 4}-27.43341{col 70}{space 3} 3.091537
{txt}{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}newpcpost_lnvar {txt}{c |}
{space 10}_cons {c |}{col 17}{res}{space 2}   5.3905{col 29}{space 2} .0923323{col 40}{space 1}   58.38{col 49}{space 3}0.000{col 57}{space 4} 5.209531{col 70}{space 3} 5.571468
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. test [oldpcpost_mean]realpcincannl2 = [newpcpost_mean]realpcincannl2

{p 0 7}{space 1}{text:( 1)}{space 1} {res}[oldpcpost_mean]realpcincannl2 - [newpcpost_mean]realpcincannl2 = 0{p_end}

{txt}{col 12}chi2(  1) ={res}   36.70
{txt}{col 10}Prob > chi2 =  {res}  0.0000
{txt}
{com}. 
. 
. 
. 
{txt}end of do-file

{com}. log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\mzarit\Documents\RegionalConvergence.Krause&ZaritFigure3.smlc
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